Peoples Security Bank and Trust Company

This is a community-focused bank offering SBA loan programs and business financing solutions to support local entrepreneurs and small businesses in the Scranton area.

It's recommended to schedule an appointment to discuss your financing needs, but walk-in consultations may also be accommodated during business hours.

The Scranton branch lobby opens Monday-Friday at 8:45 AM and closes at 5:00 PM; the drive-up window opens at 8:30 AM and closes at 5:00 PM. Confirm current hours with Peoples Security Bank and Trust Company.

There are no fees for initial consultations; applicable loan fees are disclosed during the application process.

This bank primarily serves local residents and small business owners within the community, with eligibility based on creditworthiness and business criteria.

A minimum personal credit score of 640 or higher is generally preferred for loan qualification.

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

No, Peoples Security Bank and Trust Company's Scranton branch is closed on weekends. Confirm weekend availability with the lender.

Peoples Security Bank and Trust Company is located in Pennsylvania — 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 Security Bank and Trust Company, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Peoples Security Bank and Trust Company itself, which runs its own lending under its own ownership. If you work at Peoples Security Bank and Trust Company, you can claim this listing from this page to manage it.

The core details for Peoples Security Bank and Trust Company — 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 Security Bank and Trust Company before applying. If you represent Peoples Security Bank and Trust Company, claim this listing to keep its information up to date.

You can reach Peoples Security Bank and Trust Company by phone at (570) 955-1700 or online at psbt.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Peoples Security Bank and Trust Company before relying on them.

Based on its approved SBA loans, Peoples Security Bank and Trust Company most often finances businesses in restaurants & food service, general retail, medical practices & clinics, wholesale & distribution, construction & contractors, and bars & nightlife. This reflects Peoples Security Bank and Trust Company'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 Security Bank and Trust Company 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 Security Bank and Trust Company participates in SBA Express depends on its specific SBA lending authority. Contact Peoples Security Bank and Trust Company 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 Security Bank and Trust Company 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 Security Bank and Trust Company's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Peoples Security Bank and Trust Company 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 Security Bank and Trust Company 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 Security Bank and Trust Company 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 Security Bank and Trust Company 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 Security Bank and Trust Company weighs this case by case under its own policy, so be upfront about your history and ask Peoples Security Bank and Trust Company how it evaluates prior bankruptcies.