At Fidelity Bank, we’re dedicated to fueling the dreams of small business owners. As an SBA Preferred Lender, our team specializes in providing financing solutions that help businesses grow, innovate, and thrive. We’re excited to share our accomplishments from the third quarter (Q3), highlighting how our expertise in SBA lending has made a significant impact on the small business community.

Over $15 Million In Funding

In Q3, our SBA lending team closed a remarkable number of loans, totaling over $15 million in funding. This milestone underscores our commitment to supporting a diverse range of businesses across various industries.

Exploring SBA Loan Options

We offer a variety of SBA loan programs tailored to meet the unique needs of small businesses. Understanding these options can help you choose the best financing solution for your goals:

  • SBA 7(a) Loan Program: The most popular SBA loan, ideal for businesses seeking funds for working capital, equipment purchase, expansion, or refinancing existing debt. Benefits include:
    • Flexible Funding Uses: Can be used for a wide range of business purposes.
    • Longer Repayment Terms: Up to 25 years for real estate and 10 years for equipment and working capital.
    • Lower Down Payments: Preserves cash flow for other operational needs.
  • SBA 504 Loan Program: Designed for purchasing fixed assets like real estate or equipment. This loan combines funding from Fidelity Bank and a Certified Development Company (CDC).
    • Fixed Interest Rates: Offers protection against market fluctuations.
    • Low Down Payments: Typically as low as 10%, making large purchases more accessible.
    • Long-Term Financing: Up to 25 years, easing monthly payment burdens.
  • SBA Express Loans: Provides faster approval times for loans up to $500,000.
    • Expedited Processing: Approvals are often within 36 hours.
    • Versatile Use of Funds: Suitable for working capital or equipment purchases.
    • Revolving Lines of Credit: Available for managing cash flow fluctuations.

Why SBA Loans Matter

Small businesses are the backbone of our economy, and SBA loans provide accessible financing with favorable terms that traditional loans may not offer. Advantages include:

  • Lower Down Payments: Reduce initial cash outlay, conserving funds for operational expenses.
  • Longer Repayment Terms: Decrease monthly payments, improving cash flow management.
  • Competitive Interest Rates: Make borrowing more affordable over the loan’s lifespan.
  • Easier Qualification: Government backing reduces lender risk, increasing approval chances for businesses with limited credit history.

Our team’s expertise ensures that business owners navigate the SBA loan process smoothly, receiving personalized guidance to make informed financial decisions.

Plan Ahead for 2025 Funding

If you’re considering expanding your business, purchasing new equipment, or need working capital for the upcoming year, now is the perfect time to start the SBA loan application process. Early planning allows you to:

  • Assess Your Financial Needs: Determine the optimal loan amount and program for your objectives.
  • Prepare Necessary Documentation: Gather financial statements, tax returns, and business plans without the stress of tight deadlines.
  • Enhance Approval Prospects: Address potential credit or financial issues beforehand to streamline approval.

Our SBA lending experts are here to assist you every step of the way. We’ll work closely with you to understand your unique needs and tailor financing solutions that align with your business goals.

Connect with Us

Ready to take your business to the next level? Contact our SBA lending team today to explore your financing options. Let’s make 2025 a year of growth and success for your business!