PeoplesBank
HOLYOKE, MA 1040
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Dry Pasta, Dough, and Flour Mixes Manufacturing from Purchased Flour
- Testing Laboratories
- Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip
- Plumbing, Heating, and Air-Conditioning Contractors
- Electrical Contractors
Quick Summary
PeoplesBank is an SBA-approved lender headquartered in HOLYOKE, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 9 SBA 7(a) loans totaling $5.1M, with an average loan size of $571K. They serve businesses across 2 states.
About PeoplesBank
PeoplesBank is an SBA-approved lender headquartered in HOLYOKE, Massachusetts. Since 2020, they have approved 9 SBA 7(a) loans totaling $5.1M, with an average loan size of $571K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Frequently Asked Questions
Is PeoplesBank an SBA Preferred Lender?
Yes, PeoplesBank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has PeoplesBank approved?
According to SBA FOIA public records, PeoplesBank has approved 9 SBA 7(a) loans totaling $5.1M since 2020. Their average loan size is $571K.
What states does PeoplesBank serve?
PeoplesBank serves businesses in 2 states: Connecticut, Massachusetts.
How do I apply for an SBA loan with PeoplesBank?
To apply for an SBA 7(a) loan with PeoplesBank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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