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Peoples Bank & Trust (IL)

Existing or more than 2 years old
Fixed Rates
Preferred Lenders Program
Variable Rates
SBA Loan Approvals as of Fiscal Year End 2025 13
SBA Loans Total Approval Amount as of Fiscal Year End 2025 $5,760,800
Average SBA Loan Size as of Fiscal Year End 2025 $443,138
Average SBA Loan Rate over Prime (Prime is 6.75%) 1.16

Unlock Your Financial Potential with Peoples Bank & Trust (IL)

Peoples Bank & Trust is an Illinois-based community bank committed to providing individuals and small businesses with personal service, local decision-making, and flexible financial solutions. With branches throughout Central Illinois, the bank offers a comprehensive suite of business products and participates in SBA lending programs to help entrepreneurs start, grow, and strengthen their businesses.

Key Features of Peoples Bank & Trust

  • Comprehensive Business Banking: Business checking and savings accounts, cash-management tools, merchant services, and online banking designed to streamline your business operations.
  • SBA Loan Expertise: Peoples Bank & Trust participates in U.S. Small Business Administration lending programs, including SBA 7(a) and 504 loans. The bank’s commercial lending team helps business owners navigate the SBA process and secure government-backed financing for working capital, equipment purchases, real estate acquisition, and expansion.
  • Flexible Commercial Lending: In addition to SBA programs, the bank offers term loans, lines of credit, commercial real estate financing, agricultural loans, and equipment loans—all with personalized underwriting and local decision-making.
  • User-Friendly Digital Tools: Robust online and mobile banking platforms allow business owners to manage cash flow, approve payments, deposit checks, and monitor accounts 24/7.
  • Commitment to Community: As a community-focused Illinois bank, Peoples Bank & Trust reinvests in local economies, supports area businesses, and provides direct guidance to entrepreneurs across Central Illinois.

Why Choose Peoples Bank & Trust for SBA Loans?

Peoples Bank & Trust combines the personal service of a community bank with the lending capabilities needed to deliver SBA-backed financing effectively. Its business banking team understands the needs of local entrepreneurs and farmers, ensuring customized support, faster turnaround times, and competitive terms. Whether you’re launching a startup or expanding an established business, the bank provides flexible government-backed funding to help you achieve your goals.

How to Get Started

Ready to grow your business with an SBA loan or other financing solution? Visit the
Peoples Bank & Trust Business Banking page
to explore current offerings, review eligibility requirements, and connect with a business-banking specialist who can guide you through the process.

Empower your financial future today with Peoples Bank & Trust — where Illinois businesses receive the personalized support they need to thrive.

Industry