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Business Lending

Back in 1907, Peoples Exchange Bank was organized to serve the banking needs of the rural community of north Monroe County. For over 115 years we have provided financial support for some of the largest employers in southwest Alabama; many were created with funding provided by PEB. We are committed to support businesses at all sizes and stages.. we’d like to help you too.

Term Loans

A term loan is a great product when a business is purchasing a fixed asset such as equipment, vehicles, real estate or making leasehold improvements. The loan can be structured with a fixed or variable interest rate and is usually secured by the asset being acquired (or refinanced). The amortization period of the loan will vary based upon the expected useful life of the asset.

Operating Lines of Credit

Typically used to provide funding for temporary working capital needs in a business. This may relate to increases in inventory levels, accounts receivable, funding pre-paid expenses, etc. Your Lender will work with you to determine the amount of the line of credit as well as an appropriate collateral structure. The borrower can make periodic advances and reductions in the line of credit as the cash needs of your business change. These lines are typically provided for a one-year term and have a variable interest rate.

Timberland Loans

From our beginning in 1907, rural land lending has been at the core of our business, it’s not a specialty, it’s who we are. Whether you’re looking for a place to take your family to get away from it all or an investment tract for growing timber, we have the product for any purpose, including:

  • Large and small undeveloped tracts
  • Timber production tracts
  • Recreational Land
  • Refinancing

Agriculture Loans

At PEB we have a deep commitment to agriculture. Agriculture plays a critical role in our region’s economies and communities. PEB understands the demands placed on agricultural producers and can provide knowledgeable advice with tailored lending solutions to help them manage, enhance, and grow their operations.


  • Crop production loans
  • Equipment loans
  • Lines of credit
  • Livestock loans
  • Land loans
  • Special financing programs

Letters of Credit

We provide Commercial Letters of Credit. These can be used for a variety of needs including utility company deposits, supporting contractual payment obligations, or to provide credit enhancement for a bond issue. Fees, rates and collateral requirements will vary. Call a lender today to find the right option for your business needs.


Credit Cards

Coming Soon!


Contact a member of our lending team today and put your business in the hands of an expert.

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We’re Your Business Partner

Running a business can be a challenge at times but your banking doesn’t need to be that way.

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