Business Lending

Small business loans are not always simple to navigate. Whether you need to finance growth, cover timing gaps in revenue collection, or simplify your vendor payments, Peoples Bank of Alabama has customized credit options to help you run your business.

We offer flexible interest rates, easy repayment terms and maximum credit availability. You know your business—and we know business credit. We'll work with you to find the best credit solution for your specific business situation.

With over 42 years of experience, we at Peoples Bank understand that every business is unique. And because of this, we need to get to know you, your business and the marketplace in which you compete every day. The following information will help our banking team to better understand your business and where we fit into the equation:

  • Three to five years of business financial statements and/or tax returns
  • Personal financial statements on all key business owners
  • Current operating statements for your business (year to date P&L and balance sheet)
  • Financial projections or business plan; if you have completed a business plan or financial projection, it will assist the business banking team

While this information is vital to our getting to know your business, the most important thing to Peoples Bank of Alabama is to build a lasting relationship with you and your business.

Connect with a local business banking expert.

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Business Credit Cards

A business credit card from Peoples Bank of Alabama allows you to take control of your finances by giving you extra spending power when your business needs it.

Whether you need a lower rate or want the rewards of 1% cash back, you get to choose which option is best for your business. Plus with 0% APR on purchases and balance transfers for the first 7 months, go ahead and make that large purchase your business needs or pay off other higher interest rate cards. 

Peoples Bank can assist you in balance transfers as well, making it easy to pay off any previous credit cards with a balance. 

Construction Loans & Lines of Credit

A construction line or loan allows your business to borrow a predetermined amount of money for purchasing land and to construct buildings for your business to use. The buildings constructed with a construction line or loan can be utilized as office space and for storage or warehouse space for the business. 

During the construction process, you make interest only payments on the amount borrowed up to that point.  At the end of construction you can convert your remaining balance into a term loan to be paid out over a period of years based on your company’s ability to pay.

In addition to financing owner occupied properties, Peoples Bank of Alabama also provides financing for investment or tenant occupied properties.

Term Loans

Term loans are used for major financial investments, like financing major equipment, plant, or building expansion projects. It can also be used for fixed assets, such as real estate or office buildings. And since these loans are tied to larger, major financial investments, the repayment period is typically applied over a longer term, based on the reason for the loan and the repayment ability of your company.

Business Lines of Credit

A business line of credit is a convenient tool for meeting short term financing needs. Does your business need a loan to consolidate debt or purchase a new office? We can assist with lines of credit that your business can use for purchasing raw materials, inventory or to meet seasonal cash flow needs.

These lines are typically secured by the working assets of your business: accounts receivable and inventory.

We exist to meet the needs of our local communities. One way we do this is by having a dedicated team focused on helping businesses maximize their return on capital. Our GCap Financing team works closely with the Small Business Administration, United States Department of Agriculture and other federal, state and local agencies to provide you a bridge from where you are today to where you want to be in the future. We work with you to find the financing solutions that will best help you achieve your goals.



  

Sometimes your business is growing so fast you are having difficulty keeping up. You may be faced with cash flow shortages, lack of man power, limited time or no space for new staff. Our ProBilling team can help you eliminate your limitations. We can’t make your company successful, but we believe if you have the time and resources to focus on what you’re good at, you can. That’s where we can help. We are a complete accounts receivable service helping businesses just like yours go to the next level.  

Business Cash Back credit card Terms & Conditions. Business Low Rate credit card Terms & Conditions.