Go Back
Report Abuse

Peoples State Bank

0 (0 Reviews)
photo-717.jpg
photo-717.jpg

Description

Peoples State Bank offers comprehensive SBA lending options tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on the local Wausau community, the bank provides personalized service and flexible financing solutions to help businesses succeed. Their SBA program expertise includes the 7A loan program, which is ideal for various business purposes such as working capital, equipment purchase, or real estate acquisition. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency. They support loans up to $300,000, making them a reliable partner for businesses with moderate funding needs. Peoples State Bank emphasizes relationship-based banking, offering customized solutions aligned with each client’s unique goals. Their commitment to local economic development is reflected in their dedicated service and tailored financial products designed to foster business growth and stability. Whether you’re starting a new venture or expanding an existing business, Peoples State Bank aims to provide the financial tools necessary for success.

Location

Review

Login to Write Your Review

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
26
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business financing solutions, including SBA 7A loans, to support business growth and expansion in the Wausau area. You can find personalized guidance, loan options, and assistance with the application process tailored to your business 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 are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 5:00 PM. It"s advisable to contact the branch directly for specific appointment times or after-hours assistance.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic information, but loan processing and application fees may apply depending on the specific financing arrangement. These fees are discussed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily available to local business owners and residents in the Wausau area, though some programs may have broader eligibility criteria. It"s best to consult with the bank directly to understand specific requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 620 is preferred, though higher scores may improve approval chances and loan terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of your documentation and the complexity of your application.
Scroll to Top