July 16, 2021

As an SBA Preferred Lender, we have achieved the highest lending status available within the Small Business Administration and are one of few community banks in our region with this designation. We hosted this webinar on August 3, 2021, and it features our SBA experts who will help you discover why banking with an SBA Preferred Lender is beneficial to you and your business. Check out the recording of the webinar below!



PeoplesBank Fee Waivers – Effective Until August 31, 2021

Packaging Fee Waiver

  • Packaging fees for SBA loans with complete applications will be waived through August 31, 2021. This could result in as much as $2,500 in savings!

SBA Fee Waivers – Effective Until September 30, 2021

Temporary Fee Reductions

  • Subject to the availability of funds, all 7(a) & Express loans for which an application is approved by the SBA and a loan number assigned:
    • The SBA Guaranty fee is reduced to zero.
    • The Lender’s Annual Service fee is reduced to zero.

Maximum Loan Amount for SBA Express Loans

  • The current $1,000,000 maximum loan amount will be extended through September 30, 2021. On October 1, 2021, the maximum loan amount will permanently change to $500,000.



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