At a glance
From its website, read 2 Nov 2026People Incorporated Financial Services is a loan fund based in Abingdon, Virginia. Its website describes home mortgages, personal loans and small-business loans.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Lending | (276) 619-2297 source |
|---|---|
| Lending | (276) 619-2274 source |
| Website | www.peopleinc.net |
| Office (official list) | 1173 West Main Street, Abingdon, VA 24210 |
What their website says about applying
For more information, please fill out the form below or give us a call at 276-619-2297!
sourceContact us at (276) 619-2274 or at
sourceTake the first step toward success today! Contact our team to learn more!
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Who qualifies, in their words
- First-time homebuyer program
People Inc. can help creditworthy first-time homebuyers or those who have not owned a home in the last three years access low-interest home loans.
source - Collateral required
You may be eligible if: You have sufficient collateral
source - Income limit applies
Borrowers must meet income and loan limits to qualify for loans.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 11 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | 1173 West Main Street, Abingdon, VA 24210 Directions (Google Maps) |
| Website | www.peopleinc.net |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan amounts and online application options were not stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Home mortgages | — | People Inc. can help creditworthy first-time homebuyers or those who have not owned a home in the last three years access low-interest home loans. | source |
| Personal / consumer loans | — | Our low-interest personal loans can be used to pay off predatory payday loans, high interest credit cards, and cover a wide range of expenses, including: | source |
| Small-business loans | — | Low-interest loans for startup and expansion | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- First-time homebuyers
creditworthy first-time homebuyers or those who have not owned a home in the last three years
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://www.peopleinc.net/
- https://www.peopleinc.net/service/personal-loan/
- https://www.peopleinc.net/service/business-loans/
- https://www.peopleinc.net/service/first-time-homebuyer-loans/
- https://www.peopleinc.net/service/nddf/
- https://www.peopleinc.net/financial-services/
- https://www.peopleinc.net/service/new-market-tax-credits/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your home mortgages and personal loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your small-business loans?
Their website does not state a rate for this. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - How long can I take to repay?
No repayment terms are stated on their website. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$5.4 million in 12 awards from the U.S. Treasury's CDFI Fund, 2001–2024 (5 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Small Dollar Loan Program | $130,296 |
| 2022 | CDFI Equitable Recovery Program | $512,293 |
| 2021 | CDFI Program, Financial Assistance | $500,000 |
| 2021 | CDFI Rapid Response Program | $1,400,000 |
| 2021 | Small Dollar Loan Program | $135,000 |
| 2019 | CDFI Program, Financial Assistance | $565,000 |
| 2013 | CDFI Program, Financial Assistance | $597,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2008 | CDFI Program, Financial Assistance | $299,986 |
| 2007 | CDFI Program, Financial Assistance | $200,000 |
| 2005 | CDFI Program, Financial Assistance | $225,400 |
| 2001 | CDFI Program, Technical Assistance | $50,000 |
New Markets Tax Credit allocations
$254 million in 7 allocations. An NMTC allocation is the authority to offer investors federal tax credits for community investments; it is not cash paid to the lender and is not counted in the award total above.
| Round year | Program | Allocation |
|---|---|---|
| 2024 | New Markets Tax Credit allocation | $45,000,000 |
| 2018 | New Markets Tax Credit allocation | $60,000,000 |
| 2016 | New Markets Tax Credit allocation | $65,000,000 |
| 2013 | New Markets Tax Credit allocation | $35,000,000 |
| 2011 | New Markets Tax Credit allocation | $20,000,000 |
| 2010 | New Markets Tax Credit allocation | $14,000,000 |
| 2008 | New Markets Tax Credit allocation | $15,000,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Jun 2023| Total assets | $11.1M |
|---|---|
| Total liabilities | $3.2M |
| Net assets | $7.8M |
| Total revenue | $3.2M |
| Notes and loans receivable, net (Part X line 7) | $5.6M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2023 (tax year 2022; EIN 54-1989160, filed as “PEOPLE INCORPORATED FINANCIAL SERVICES”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Jun 2021 (990) | $9.5M | $7M | $2.7M | $3.4M |
| Jun 2022 (990) | $9.8M | $7.5M | $4.7M | $4.2M |
| Jun 2023 (990) | $11.1M | $7.8M | $3.2M | $5.6M |
Total assets grew 17% from Jun 2021 to Jun 2023; notes and loans receivable rose 64%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $11.1M | Larger than 54% of the 13 other certified loan funds and venture funds in Virginia with a matched Form 990 (median $9.9M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Virginia | 13 | larger than 54% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Abingdon and Virginia
- Appalachian Community Capital CorporationLoan fund · Christiansburg, VAVerified
- Bridging Virginia IncLoan fund · Richmond, VASmall-business loansVerified
- Business Seed Capital, Inc.Loan fund · Roanoke, VASmall-dollar / emergency loansVerified
- Capital Impact PartnersLoan fund · Arlington, VACommercial real estate loans, Nonprofit / community facility loansVerified
- Community Investment CollaborativeLoan fund · Charlottesville, VAMicroloans, Small-business loansVerified
- Democracy FCUCredit union · Alexandria, VAAuto / vehicle loans, Credit-builder loans, Small-dollar / emergency loans, Personal / consumer loansVerified
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