This is an excellent way to finance short term operating
expenses and manage cash flow. It can save you time and money and
give you the flexibility you need to effectively manage your
- Unlimited number of advances
- Convenient to use because advances can be made in person, by
telephone or online banking
- One year term with annual renewal and reviews by an experienced
- Quick approval and closing
- Variable interest rate tied to prime rate guarantees you a
- Secured & unsecured lines offered
- Accrued interest can be due monthly, quarterly, or
semi-annually; whichever one works best for your budget
- Sweep account option available through a business checking
Some reasons why you should get your loan from The Peoples Bank
- We are a community bank so all the loan decisions are made here
by people who know you and your community.
- We are able to respond quickly to the changing needs of our
- Quick approval and closings. Your business is growing while
others may still be waiting for their bank to call them back.
- County records show we are consistently one of Mercer County's
leaders in loan financing.
- Lower closing costs than many of our competitors.
- Complete line of loan products and services plus the expertise
to help you decide which option is best for you.
Important About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money
laundering activities, federal law requires all financial
institutions to obtain, verify, and record information that
identifies each person who open an account.
What this means for you
When you open an account, we will ask for your name, address,
date of birth and other information that will allow us to identify
you. We will ask to see your driver's license, business
resolution or other identifying documents.