The bank ranked among the most active SBA lenders

Photo by David CL Bauer

PANA – Peoples Bank & Trust received two statewide rankings from the Small Business Administration: sixth in number and 11th by volume in Paycheck Protection Program loans from Illinois-based lenders with assets of less than $ 1 billion.

The Small Business Administration also ranked the bank fourth in number and second in volume of government Section 7 (a) guaranteed loans closed in the past fiscal year.

The Paycheque Protection Program was launched in 2020 with the goal of ensuring economic security by providing financial assistance through payroll certainty for businesses, self-employed, homeowners and other entities.

Peoples Bank & Trust is an independent, locally owned and managed community bank with offices in Palmyra, Springfield, Waverly, White Hall and six other locations.


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