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Peoples State Bank of Velva

Peoples State Bank of Velva appears in the public SBA loan data with 2 funded 7(a) loans since FY2010, totaling $1.0M, an average of $504K per loan, and an estimated 23 jobs supported. Its SBA lending concentrates in North Dakota and the Other Services sector. With only 2 7(a) loans in the data, the sample is too small to read a charge-off rate as a track record.

By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)

Funded loans
2
Since FY2010
Total volume
$1.0M
Average loan size
$504K
7(a) charge-off rate
Insufficient data
Only 2 7(a) loans in the data
Jobs supported (reported)
23
Programs
7(a)

Is Peoples State Bank of Velva the right lender for you?

Peoples State Bank of Velva appears in the SBA record with 2 funded loans since FY2010, too few to read as a lending pattern. That is not a mark against the institution, but it does mean the record cannot tell you whether it lends to businesses like yours. Lenders with a deeper track record in your state and industry can.

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Where Peoples State Bank of Velva lends

Top states by funded SBA volume.

StateLoansTotal volume
North Dakota 2 $1.0M

What Peoples State Bank of Velva funds

Top industries by funded SBA volume.

IndustryLoansTotal volume
Other Services 1 $523K
Manufacturing 1 $486K

Peoples State Bank of Velva SBA lending by year

Funded SBA volume by approval fiscal year (FY2010–2026).

Fiscal yearLoansTotal volume
20101$486K
20141$523K

Related SBA lenders

Other lenders active in North Dakota or in Other Services.

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Peoples State Bank of Velva: frequently asked questions

Does Peoples State Bank of Velva offer SBA loans?

Yes. Peoples State Bank of Velva appears in the public SBA data with 2 funded SBA 7(a) loans totaling $1.0M.

How many SBA loans has Peoples State Bank of Velva made?

Peoples State Bank of Velva is associated with 2 SBA 7(a) loans totaling $1.0M in the public SBA data (as of 2026-03-31).

What is Peoples State Bank of Velva's SBA charge-off rate?

Peoples State Bank of Velva appears with only 2 7(a) loans in the data, too few for a charge-off rate to be meaningful as a track record. The SBA Lender Score treats fewer than 20 loans as insufficient data for the same reason; see our methodology.

Where does Peoples State Bank of Velva do most of its SBA lending?

Peoples State Bank of Velva's SBA lending in the data is most concentrated in North Dakota, and by industry in Other Services.

For Peoples State Bank of Velva

This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.

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Sources and disclaimer. All figures are computed from the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31), as described in our methodology. The charge-off rate is the share of Peoples State Bank of Velva's 7(a) loans marked charged off (504 loans do not report charge-off status); it is not a lifetime default rate. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
Cite this analysis

Mario Bailey. (2026). Peoples State Bank of Velva SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/peoples-state-bank-of-velva/

Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.

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