At Fidelity Bank, we know that no two businesses are alike — and that's especially true when it comes to small businesses. A government-backed SBA loan is designed to fit the needs of small and start-up businesses.
Finance whatever it is you need to start and stay ahead, like the construction of a new office, the acquisition of another company, inventory, and much more. These specialty loans also offer extended repayment terms and lower down payments than other conventional loans.
- Available for start-up businesses, as well as existing businesses
- Competitive rates for a wide range of business needs:
- Commercial real estate purchase
- Construction / Renovation
- Business acquisition or expansion
- Equipment/inventory purchase
- Working capital
- Leasehold Improvements
- Lines of Credit
- And more
- Generally lower down payments than other commercial loans and extended terms
- Local decision-making and processing
- Some loans may be sold
- Attentive, friendly service from start to finish
Applying for an SBA loan is simple. Contact our SBA Lender, Donald Peltier at 985.612.2755 for a list of documentation requirements. Donald can also be reached via email @ firstname.lastname@example.org.
SBA Loan Programs
Partnering with the U.S. Small Business Administration (SBA), Fidelity provides government-sponsored loans for a variety of business needs. SBA loan programs offer more flexible terms than conventional loans, enabling more businesses to qualify for financing. Our SBA lenders will work with you to determine the best financing options that meet the specific needs of your business.
SBA loan programs can provide long or short term working capital needs, fund purchases such as land, buildings or equipment, and drive growth. Your Fidelity SBA Loan Officer will work with you to determine the loan program that best suits the needs of your company.
SBA 7(a) Loans: The most common SBA loan. This program offers up to $5,000,000 for a variety of financing needs, with longer terms and lower collateral requirements than conventional lending.
7(a) Small Loans: Targeted for smaller requests, allowing for an expedited and streamlined application process. Term loans up to $350,000.
SBA 504 Loans: Designed for a growing business that needs a long-term fixed rate loan for a major acquisition, the project range from $100,000 to $12,000,000 depending on the business type.
Working Capital CAPline: Fulfill short-term needs such as inventory, receivables, or consolidating debt with this revolving credit line up to $5,000,000.
SBA Express: Fast-expediting loans of up to $350,000 provide fixed-asset purchase power, debt consolidation, or working capital
SBA International Trade Loans: Up to $5,000,000 to finance fixed assets, including real estate, and working capital to help businesses expand into international markets
SBA Export Express: Support export development with a term loan or a revolving line of credit up to $500,000.
Click here to view a side by side comparison of the various SBA loans that are available to you. Feel free to review the chart prior to contacting a Fidelity SBA Lender.
Our Experience Makes It Easier for You
Our skilled staff will provide you with creative borrowing solutions, personalized service, quick loan decisions and fast turnaround times. Every member of our team is an experienced SBA Lender and they will work with you to make the borrowing process easy and convenient for you.
We take pride in making sure we understand your goals and will offer solutions that are focused on helping you achieve those goals. Fidelity offers a number of financial options to help you meet the borrowing needs of your business.
It's About More than just Getting a Loan
While your initial request may be to apply for a loan to meet your borrowing needs, we listen to the needs of our customers and have the ability to assist you with all areas of your business. Whether you need Online Banking, ACH Processing, Merchant Services, or any number of our business solutions, we're here to help you make your business grow.
Find out How Fidelity can Help You Grow Your Business
Explore the SBA loan programs available at Fidelity Bank, then stop by one of our Financial Centers, or complete the contact form to have us contact you.
Frequently Asked Questions (FAQ)
Do all SBA lenders offer the same SBA loan options?
No. Because SBA loans must still be first approved by the issuing bank, each financial institution issuing SBA loans can choose which programs they offer, as well as determine various lending criteria such as the maturity terms or the loan amounts they will offer.
How do I know which SBA loan program is right for my business?
We provide basic information about SBA loan programs in this section of our website to get you started. Use our comparison chart to compare each program based on the reason you'll be borrowing. In addition, a Fidelity Bank commercial lender will work closely with you to determine the best financing choice to fit your business circumstances.
Does my business qualify for an SBA Loan?
Many businesses today qualify to apply for an SBA loan. Your business must be organized for profit; do business in the United States; and have a sufficient amount of owner equity to invest in the business.
Are SBA loans only for startup or new businesses?
No. Many long-established businesses have obtained SBA financing to continue with their growth and expansion plans.
What can I use the loan proceeds for?
SBA loans can be obtained for a variety of business uses such as: buying owner occupied commercial real estate, new construction, renovation of existing properties; starting, expanding or acquiring a business, buying fixed assets such as fixtures, machinery, and equipment; inventory; and working capital.
Do I need Collateral?
Yes. All SBA Loans are secured by collateral, with specific collateral requirements depending on the loan program, loan amount.
What documentation will I need to provide when I apply for an SBA loan?
Documentation requirements will vary depending on your loan request, how long you have been in business, and the type of loan you are requesting.
Do SBA loans offer longer financing terms than traditional Commercial loans?
One of the reasons businesses apply for SBA loans is that the loans provide a longer repayment term than traditional Commercial financing. However, we base a loan term on your ability to repay, the loan purpose, the expected ongoing value of the collateral or assets and the SBA's guidelines. Current SBA guidelines allow a term of up to 10 years for non-real estate loans, and up to 25 years for real estate loans.
Are there any fees associated with SBA loan?
Fees vary depending on loan amount and loan program. Please check with your Fidelity Bank lender.
How do I apply?
If you feel an SBA loan may be right for you, click here to view the application packet, stop by one of our Financial Centers, or complete the contact form to have us contact you.
How long will the loan process take?
The time it takes to process a loan request varies based on the type of loan and the completeness of the loan application received.