What is a Preferred Lender in Agriculture Financing?
Posted On: October 23, 2024 by The Peoples Community Bank in: Lending
By: Eric Drachenberg, VP - Ag Lender
The Peoples Community Bank is proud to participate in the Farm Service Agency’s (FSA) Preferred Lender Program (PLP), a distinction we have held for several years. As a PLP-designated lender, we are recognized for our extensive expertise in agricultural lending and our proven ability to meet the rigorous standards set forth by the FSA.
According to the FSA, the Preferred Lender Program status is the highest level a lender can achieve...
Major Opportunity for Small Businesses & SBA Loans
Posted On: October 2, 2023 by The Peoples Community Bank in: Business Banking
By: David Jones, SVP - Commercial Lender
Big news! The Small Business Association (SBA) has announced 0% on its Annual Service Fee and SBA Guaranty Fee (Upfront Fee) for loans of $1,000,000 and less. This feature will run for SBA’s fiscal year, October 1, 2023 through September 30, 2024.
What is a SBA 7(a) loan you might ask? The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them...
