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Business Banking

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!

Click below to hear from some of our Business Banking customers:

BMSI

Hometown Market

Benders Gym

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.

Cash Management

Managing your cash flow cycle is a key step to developing profitable growth. Utilizing cash management products and services can help you increase liquidity, reduce costs and maximize earnings power. Let Peoples Bank of Alabama work with you to customize an overall solution for meeting your goals.

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.

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You are leaving the Peoples Bank of Alabama web site.

The web site you have selected is an external site located on another server. We are offering the link for your convenience.

Peoples Bank of Alabama has no responsibility for any external web site. We cannot warranty, express or implied, any external site.

Thank you for visiting our web site.

Click "OK" to continue or "Cancel" to go back.

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You are leaving the Peoples Bank of Alabama web site.

The web site you have selected is an external site located on another server. We are offering the link for your convenience.

Peoples Bank of Alabama has no responsibility for any external web site. We cannot warranty, express or implied, any external site.

Thank you for visiting our web site.

Click "OK" to continue or "Cancel" to go back.

OK Cancel

×

You are leaving the Peoples Bank of Alabama web site.

The web site you have selected is an external site located on another server. We are offering the link for your convenience.

Peoples Bank of Alabama has no responsibility for any external web site. We cannot warranty, express or implied, any external site.

Thank you for visiting our web site.

Click "OK" to continue or "Cancel" to go back.

OK Cancel

×

You are leaving the Peoples Bank of Alabama web site.

The web site you have selected is an external site located on another server. We are offering the link for your convenience.

Peoples Bank of Alabama has no responsibility for any external web site. We cannot warranty, express or implied, any external site.

Thank you for visiting our web site.

Click "OK" to continue or "Cancel" to go back.

OK Cancel

×

You are leaving the Peoples Bank of Alabama web site.

The web site you have selected is an external site located on another server. We are offering the link for your convenience.

Peoples Bank of Alabama has no responsibility for any external web site. We cannot warranty, express or implied, any external site.

Thank you for visiting our web site.

Click "OK" to continue or "Cancel" to go back.

OK Cancel

×

You are leaving the Peoples Bank of Alabama web site.

The web site you have selected is an external site located on another server. We are offering the link for your convenience.

Peoples Bank of Alabama has no responsibility for any external web site. We cannot warranty, express or implied, any external site.

Thank you for visiting our web site.

Click "OK" to continue or "Cancel" to go back.

OK Cancel

×

You are leaving the Peoples Bank of Alabama web site.

The web site you have selected is an external site located on another server. We are offering the link for your convenience.

Peoples Bank of Alabama has no responsibility for any external web site. We cannot warranty, express or implied, any external site.

Thank you for visiting our web site.

Click "OK" to continue or "Cancel" to go back.

OK Cancel

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