Financial Friday - The Power of Community Banking
Posted On: June 19, 2025 by The Peoples Community Bank in: General
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...
