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What is a Preferred Lender in Agriculture Financing?

Loan Options for Your Ag Business

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 within the FSA Guaranteed Farm Loan Program. This designation is awarded to lenders who have demonstrated a strong understanding of agricultural financing and consistent success in originating FSA-guaranteed loans. To qualify for PLP status, a lender must have originated at least 20 guaranteed loans within the past five years, in addition to meeting several other stringent criteria. By choosing The Peoples Community Bank, customers gain access to highly experienced agricultural lenders who can design financing
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Recent Blog Posts

Ag Lender

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...

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Tags: Ag Financing, Ag lending, agriculture, agriculture financing, Commercial Lending, FSA Loans, lending, Loans

Online Banking Tools

Online Banking Tools

Posted On: May 31, 2024 by The Peoples Community Bank in: Online Banking

Managing Finances with our Consumer Online Banking Tools

By: Laura Melby, AVP Personal Banker

Online banking has evolved over time, and there are a variety of ways you may make your banking easier by utilizing options within our online banking.  Let’s take a brief tour of available options.

Manage Cards – Did you know you can block your debit card temporarily within your online banking?  In the event of your card being lost or stolen, you can...

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Tags: banking, consumer banking, mobile banking, online banking

Mortgage Lenders

A Guide to the Home Buying Process

Posted On: March 28, 2024 by The Peoples Community Bank in: Home Loans

By: Mary Lynn Johnson & Stacy Dyreson - Mortgage Lenders

Owning a home is a significant milestone in a person's life, often a cherished dream for many. Given its importance, it's wise to familiarize oneself with the details of the home buying process. To assist, here is some guidance through a comprehensive mortgage guide put together by our experienced Mortgage Lenders.

1. Get Pre-qualified by visiting your Local Lender

This is a great first step to take...

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Tags: guide, home buying, home loan, lending, mortgage, mortgage lender, realtor

Quinn Christensen

Understanding IRAs: Your Guide to a Brighter Financial Future

Posted On: February 13, 2024 by The Peoples Community Bank in: Financial Tips

Quinn B. Christensen – Chief Information Officer & HR Officer

At The Peoples Community Bank, we are committed to "Simply Good Banking," and a significant part of that commitment involves empowering you with clear, concise information.  I am here to explain some quick facts on how Individual Retirement Accounts (IRAs) work. 

Traditional vs Roth IRAs: What's the Difference?

Choosing between a Traditional and Roth IRA is like selecting the route that...

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Tags: IRAs, Retirement, Roth IRA

Candi Huebner

Tips To Avoid Scams

Posted On: November 29, 2023 by The Peoples Community Bank in: Fraud

By: Candace Huebner, VP Compliance. 
December is cybersecurity month. Fraudsters don't take a holiday vacation when it comes to scams. In fact, they increase their presence in hopes of scamming unaware individuals who are holiday or online shopping. 
Protect yourself from scammers with these helpful tips:
1.Be proactive and block unwanted calls and text messages.  

https://consumer.ftc.gov/articles/how-block-unwanted-calls

2....

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Tags: banking, cybersecurity, fraud, scams, tips

SBA Loan

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...

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Tags: Business Banking, Business Loan, Commercial Lending, Loans, SBA Loan, Small Business

Customer Spotlight: K&A Greenhouse

Customer Spotlight: K&A Greenhouse

Posted On: September 7, 2021 by The Peoples Community Bank in: General

In our first customer spotlight video we meet with Chris Hendrickson, owner and operator of K&A Greenhouse. Chris and his wife, Angie, purchased the business together in 2005 and have since expanded to two locations in the Madison area. They recently finished a beautiful expansion to their Mineral Point Road facility. Chris talks about the joys and challenges of running a business and how the simple things are what make you successful.  

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Tags: Customer Spotlight

Financial Flexibility: The Case for a HELOC

Posted On: April 19, 2021 by The Peoples Community Bank in: Home Equity, Home Loans

David Jones, Lender - Spring Green

One of the most underrated products in banking today is the Home Equity Line of Credit or HELOC.

What is it? How can you use it? Why would you want to?

Consider this, in lending a crucial component of whether a loan is approved or not is collateral. The greater the value of the collateral, the less risk the financial institution must assume, the better the rate and a greater likelihood that the loan will be approved. A HELOC is exactly...

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A Parent’s Conundrum… To Pay or Not to Pay (for college)… That is the Question

Posted On: April 19, 2021 by The Peoples Community Bank in: College Savings, Savings Tips

In a perfect world, every parent hopes to give their child the best start in life. You’d send them to a great school and watch as they enter the “real world”, debt-free, leaps and bounds ahead of their constituents. But, the reality is that college costs aren’t what they used to be. In fact, in 1984 the average annual cost of tuition for a 4-year institution was $5,160 (in current $)*. In 2014 that average cost grew to $25,409 per year*, according...

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Advice from Mom: 10 tips for financial success

Posted On: April 19, 2021 by The Peoples Community Bank in: Community Giving, Financial Tips, Savings Tips

Each year on the second Sunday in May we celebrate the important women in our lives. The ones who raised us and taught us right from wrong and the ones who brought our children into this world. On this mother’s day we asked our team what is the best financial advice that they’ve given their children, what advice they planned to give, and the best advice their mothers gave them? We got some great answers.

1) “Start saving NOW.” Read More