Lender · SBA 7(a) record
PeopleFund
TX · lends in 1 state · 549 SBA loans since 2010, 192 in the last five years.
How fast they approve. PeopleFund made 68% of its recent SBA 7(a) loans under Preferred Lender (PLP) authority — it can approve them in-house without sending your file to the SBA to re-underwrite, which is the biggest single driver of how fast a loan closes. Why approval speed comes down to the lender.
What stands out about PeopleFund
vs every other SBA lenderIt leans into one industry. 10% of PeopleFund's loans go to fitness and recreational sports centers — roughly 3× the share you would expect, so it clearly knows that business.
PeopleFund lives at the small end. Its median loan is just $129k, well under the $347k typical of SBA lenders — one of the banks genuinely willing to write small.
PeopleFund is startup-heavy. 85% of its loans are startups, well above the norm — a good sign if that is your deal.
This read is built from 192 funded 7(a) loans over the last five fiscal years; outside its core states the sample thins out, so weigh the rest accordingly.
Will they talk to you?
loan sizes fundedThe spread of loan sizes tells you where this lender is comfortable. Ask for something far outside it and expect friction.
Do they fund businesses like yours?
last 5 yearsA lender who already knows your industry asks better questions and closes faster. One who doesn't will treat your file as an education.
Takes on more risk than most banks
9.87% of their loan dollars have charged off, against 2.11% across all SBA lending. That is not a warning — if you have been turned down elsewhere, a lender with more appetite is exactly who you want. Expect to pay for it in rate.
Their loans, year by year
cumulative % of dollars charged off| Approved | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 | Yr 8 | Yr 9 | Yr 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 0.0 | 0.0 | 1.7 | 1.7 | 7.7 | 8.7 | 10.8 | 10.8 | 10.8 | 10.8 |
| 2015 | 0.0 | 1.8 | 7.9 | 12.2 | 13.5 | 14.8 | 14.8 | 14.8 | 14.8 | 14.8 |
| 2016 | 0.0 | 1.8 | 7.3 | 9.8 | 9.8 | 14.7 | 16.8 | 16.8 | 16.8 | · |
| 2017 | 0.0 | 2.2 | 5.1 | 9.8 | 10.5 | 10.8 | 11.1 | 12.2 | · | · |
| 2018 | 0.0 | 2.7 | 2.7 | 2.7 | 10.2 | 10.2 | 10.2 | · | · | · |
| 2019 | 0.0 | 0.0 | 1.5 | 4.5 | 8.7 | 8.7 | · | · | · | · |
| 2020 | 0.0 | 0.0 | 0.0 | 2.8 | 2.8 | · | · | · | · | · |
| 2022 | 0.0 | 2.7 | 5.4 | · | · | · | · | · | · | · |
| 2023 | 0.0 | 0.0 | · | · | · | · | · | · | · | · |
| 2024 | 0.0 | · | · | · | · | · | · | · | · | · |
| 2025 | · | · | · | · | · | · | · | · | · | · |
Each row is one year's lending. Read down a column to compare years at the same age — that is the only fair comparison, because losses take three to five years to appear and a fast-growing lender always looks clean on a raw average.
What this page cannot tell you
Federal records show what was approved, not how long it took, how the bank communicated, or whether your loan officer returned calls. Ask any lender directly: are you a preferred lender, how many deals like mine did you close last year, and who underwrites it.
Check your eligibility first → Decode what they say to you →
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Common questions
Does PeopleFund make SBA startup and acquisition loans?
Yes — its recent SBA 7(a) record includes 80 startups, 14 franchise loans. If your deal is one of these, it has funded that kind of loan many times before. See how it ranks for your exact deal.
What is the smallest SBA loan PeopleFund will make?
Its practical minimum — the 5th percentile of what it has actually funded — is about $71,855, and the typical (median) PeopleFund loan is $128,550. If your loan is well below its practical minimum, it is unlikely to be interested however strong your file.
What states does PeopleFund lend in?
Most of PeopleFund's recent SBA lending is concentrated in Texas. Compare lenders by state.