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Peoples Bank and Trust Company

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Description

Peoples Bank and Trust Company offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) loan program, which is ideal for funding business expansion, equipment purchases, or working capital needs. The bank’s experienced team guides clients through the application process, ensuring a smooth experience from initial inquiry to loan closing. Their expertise in SBA lending helps businesses access competitive financing options with flexible terms and favorable interest rates. Located in Edmond, Oklahoma, the bank is committed to serving the financial needs of the regional business community, fostering economic development and entrepreneurship. Whether you’re starting a new venture or expanding an existing business, Peoples Bank and Trust Company is equipped to support your growth objectives with personalized service and industry knowledge.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
8
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs and financial services tailored for small businesses, including support for expansion and working capital needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary for specific services or appointments.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing basic information, but loan applications and services may involve standard processing and closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small businesses in the Edmond area, though some services may be available regionally.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is typically preferred, but requirements may vary based on the loan type and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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