Peoples State Bank

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.

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.

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.

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.

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.

Typically, a minimum personal credit score of 620 is preferred, though higher scores may improve approval chances and loan terms.

The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of your documentation and the complexity of your application.

Most banks keep weekday business hours and are closed on weekends, and Peoples State Bank 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 State Bank to confirm current weekend availability before you go.

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

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

You can reach Peoples State Bank by phone at (715) 842-2191 or online at bankpeoples.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 State Bank before relying on them.

Based on its approved SBA loans, Peoples State Bank most often finances businesses in general retail, restaurants & food service, manufacturing, transportation & trucking, bars & nightlife, and wholesale & distribution. This reflects Peoples State Bank'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 State Bank 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 State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Peoples State Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

Peoples State Bank is approved to offer SBA loan products under the SBA's Preferred Lender Program, which allows for faster in-house loan approvals. Please confirm directly with the bank.

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 State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Peoples State Bank 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 State Bank 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 State Bank 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 State Bank 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 State Bank weighs this case by case under its own policy, so be upfront about your history and ask Peoples State Bank how it evaluates prior bankruptcies.