Fueling Local Growth: How Peoples Bank Supports Small Business Success

Home Blog Fueling Local Growth: How Peoples Bank Supports Small Business Success

Posted On: August 25, 2025 by Peoples Bank of Kankakee County in: business

Running a business requires more than a great idea. It takes planning, determination, and often, the right financial support. Whether you're looking for help with cash flow, expanding your operations, or investing in new equipment, having a dependable banking partner can make all the difference in your small business success. At Peoples Bank, we're proud to support the businesses that fuel our local economy with lending solutions tailored to meet their unique needs.

Personalized Lending That Works for You

Every business is different, and so are their financial needs. That’s why our business lending services aren’t one-size-fits-all. We take the time to understand your business goals, challenges, and timeline — then work with you to find a solution that fits. From term loans and lines of credit to equipment financing and commercial real estate loans, Peoples Bank offers a full range of options designed with flexibility and growth in mind.

Our Lenders Are Part of Your Community

When you work with Peoples Bank, you're not just getting a loan, you're gaining a trusted partner. Our business lenders are experienced, knowledgeable, and deeply invested in the success of our local business community. Because we live and work here too, we’re able to offer insight and support you won’t find at a larger institution.

Whether you're discussing a cash flow strategy, seeking funding for a new location, or simply exploring your options, our team is here to help. With clear communication, honest advice, and a friendly face.

Fast, Local Decisions You Can Count On

One of the advantages of working with a community bank is the speed and simplicity of the decision-making process. Our lending decisions are made locally, which means you won’t be waiting on approval from someone in another state. We move quickly and work efficiently to keep your plans on track, because we know timing matters in business.

Let's Build Something Together

At Peoples Bank, we’re proud to help local businesses start, grow, and thrive. Our goal is to provide the financial tools and personalized support you need to make smart, confident decisions for your future. If you’re ready to take the next step for your business, our team is ready to help you get there.

Connect with a Peoples Bank business lender today, and let’s build your small business success, together!

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

We have standard overdraft practices that are available after your account has been open for 30 days and as long as you maintain your account in good standing.
We also offer an overdraft protection plan, Overdraft Protection Sweep, a link to a savings account. It may be less expensive than our standard overdraft practices. To learn more, ask us about this plan.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

After your account has been open for 30 days and as long as you maintain your account in good standing, we do authorize and pay overdrafts for the following types of transactions:

Checks and other transactions made using your checking account number
Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

ATM transactions
Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Peoples Bank of Kankakee County pays my overdraft?

Under our standard overdraft practices:

We will charge you a fee of up to $30 each time we pay an overdraft.
The maximum daily overdraft fee per presentment or item paid using the Overdraft Reserve Program is $150.00 per day.
No per item handling fee will be charged on de minimis overdrafts. De minimis overdraft for this policy means transactions that overdraw your account by $30 or less.
There is an overdraft fee of $5 per day that will be charged beginning the 4th consecutive business day your account is overdrawn.

Nonsufficient funds (NSF) fees - if an item drafted by you (such as a check) or a transaction you set up (such as a preauthorized transfer) is presented for payment in an amount that is more than the amount of money in your account and we decide not to pay the item or transaction, you agree that we can charge you an NSF fee for returning the payment. Be aware that such an item or payment may be presented multiple times by the merchant or other payee until it is paid, and that we do not monitor or control the number of times a transaction is presented for payment. You agree that we may charge you an NSF fee each time a payment is presented if the amount of money in your account is not sufficient to cover the payment, regardless of the number of times the payment is presented.

PAYMENT ORDER OF ITEMS - The law permits us to pay items drawn on your account in any order (for purposes of this section "items" means checks, orders and electronic transactions). To assist you in handling your account with us, we are providing you with the following information regarding how we process those items. When processing checks and orders drawn on your account our policy is to pay lower numbered checks and orders in numerical sequence, but electronic transactions are paid first in the order received. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. However, if the largest items are paid first, your most important items might be paid but it may increase the overdraft or NSF fees if funds are not available to pay all of the items. We think our policy attains a reasonable balance between minimizing additional costs to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid creating items without sufficient funds and incurring the resulting fees.

What if I want Peoples Bank of Kankakee County to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions after your account has been open for 30 days, you may opt in.

You have an ongoing right to change this consent at any time. If your overdraft privilege has been revoked for any reason, the opt-in or opt-out selection may not apply. Please contact your nearest office for more information.

Alternate ways to Opt In/Out or make changes:

By Phone. Our Customer Care Representatives can be reached at 815-936-7600.
By Mail. Peoples Bank of Kankakee County, 333 E. Court Street, Kankakee, IL 60901
In Person. Please visit your local office and ask a representative to help you decide which plan is best for you.