Peoples Bank of Commerce

This is a local bank that provides SBA loan programs and financial services tailored to small and medium-sized businesses, helping them grow and succeed.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with extended hours by appointment.

There are no fees for simply visiting or consulting; fees may apply for loan processing and closing costs.

This bank primarily serves local residents and businesses in the Medford area, but they also support regional clients seeking SBA financing.

A minimum personal credit score of approximately 640 is generally preferred for loan approval.

The process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Peoples Bank of Commerce typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Peoples Bank of Commerce to confirm current weekend availability before you go.

Peoples Bank of Commerce is located in Oregon — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Peoples Bank of Commerce, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Peoples Bank of Commerce itself, which runs its own lending under its own ownership. If you work at Peoples Bank of Commerce, you can claim this listing from this page to manage it.

The core details for Peoples Bank of Commerce — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Peoples Bank of Commerce before applying. If you represent Peoples Bank of Commerce, claim this listing to keep its information up to date.

Contact Peoples Bank of Commerce by phone at (541) 776-5350 or use their online contact form at peoplesbank.bank/about/contact-us — confirm details with the lender directly.

Based on its approved SBA loans, Peoples Bank of Commerce most often finances businesses in general retail, construction & contractors, restaurants & food service, manufacturing, food manufacturing & processing, and medical practices & clinics. This reflects Peoples Bank of Commerce's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Peoples Bank of Commerce which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Peoples Bank of Commerce participates in SBA Express depends on its specific SBA lending authority. Contact Peoples Bank of Commerce and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Peoples Bank of Commerce can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Peoples Bank of Commerce's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Peoples Bank of Commerce directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Peoples Bank of Commerce what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Peoples Bank of Commerce to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Peoples Bank of Commerce to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Peoples Bank of Commerce weighs this case by case under its own policy, so be upfront about your history and ask Peoples Bank of Commerce how it evaluates prior bankruptcies.