Business Planning

 

 

Maybe your business has reached a critical cross road and you need someone to help you think through your options and develop a financial plan to ensure your ongoing business success.  The Peoples Bank of Alabama banking team stands ready to assist you in projecting and evaluating financing alternatives

 

 

Let's get Started!

 

Since every business is unique, we need to get to know you, your business and the marketplace in which you compete every day.  The following information will assist the Peoples Bank of Alabama banking team in understanding your business and how we might be able to assist:

         -Three to five years of business financial statements and/or tax returns

         -Personal financial statements on all key business owners

         -Current operating statements for your business (year to date P&L and balance sheet)

         -Financial projections or business plan;  if you have completed a business plan or financial projection,

           it will assist the business banking team

 

While this information is vital to our getting to know your business, the most important thing to Peoples Bank of Alabama is to schedule a personal visit to you and your business.  Call us today and let's get started! 

 

Business Lines of Credit

A business line of credit is a convenient tool

for meeting short term financing needs.  It can

be used to purchase raw materials, inventory

or to meet seasonal cash flow needs.  These

lines are typically secured by the working assets

of your business: accounts receivable and inventory.

 

Term Loans

Business term loans allow you to finance major

equipment, plant or building expansions projects. 

These loans are typically secured by the fixed

assets owned by your business (buildings, real

estate, equipment).   The term of repayment is

determined by the useful life of the assets

involved and the repayment ability of your company.

 

 

Construction Lines and Loans

A construction line or loan allows your business to

borrow up to a predetermined amount to acquire

land and to construct buildings which your

business will occupy.  As construction progresses

and you draw up on the line, you pay interest only on

the amount borrowed.  At the end of construction, 

the line can then be converted to a term loan to be

paid out over a period of years based on the

repayment ability of your company.  In addition to

financing owner occupied properties, Peoples

Bank of Alabama also provides financing for

investment or tenant occupied properties. 

Repayment terms are determined by the flow of

income coming to you from these properties.

 

Government Lending Programs

The Small Business Administration, United States

Department of Agriculture and other federal, state

and local agencies have a variety of lending

programs designed to assist you and your

business in meeting specific financing needs. 

We have a government lending specialist who is

available to help small businesses determine which

program is right for you and to guide you through the

application process.