Business Term Loan Details

Fidelity Bank offers term loans with competitive rates to support a variety of business expenses. Our loans are designed to meet your unique needs. With repayment terms customized to your business, and local decision-making and processing, our team is committed to providing attentive and friendly service throughout your loan journey. Discover how Fidelity Bank’s term loans can help your business thrive.

• Competitive rates for a wide range of business expenses¹
• Repayment terms customized to fit your business's unique needs
• Local decision-making and processing
• Attentive, friendly service from start to finish

Business Loan Uses

From expansion projects to unexpected expenses, a term loan provides the financial support your business needs to thrive. Here are a few examples of how a term loan can be utilized to strengthen and grow your business:

• Purchasing Inventory
• Working Capital
• Buying Machinery or Equipment
• Facility Improvements or Expansion
• Refinancing Existing Debt
• Research and Development
• Hiring Additional Staff
• Emergency Funds or Unexpected Expenses

What Is a Business Term Loan?

A business term loan is a versatile financing option designed to help businesses cover significant expenses or investments. There are two kinds of business term loans. 

• Secured: Backed by collateral, such as business assets or property, secured loans often come with lower interest rates and higher borrowing limits.
• Unsecured: Not requiring collateral, unsecured loans are based on your business’s creditworthiness and can be a great option if you lack substantial assets.

Fidelity Bank Benefits for Your Business Term Loans

You can leverage various benefits when you choose a community bank like ours. Here’s some of what you can expect. 

• Competitive Rates: You’ll enjoy the attractive interest rates for our commercial loans, making borrowing more manageable.
• Flexible Payments: Choose repayment plans that best suit your cash flow and business cycle.
• Local Processing: Enjoy the convenience of local decision-making and processing for quicker approvals.
• Quick Decisions: Get timely responses to your loan applications, ensuring you can proceed with your business plans without unnecessary delays.

Business Term Loan Benefits and Features

We’ve shared more in-depth advantages of our small business lending program.

Competitive Rates for a Wide Range of Business Expenses

Our business term loans come with competitive rates. This advantage makes it easier for you to manage costs associated with various business needs, such as the following. 

• Working Capital: Ensure smooth operations by having sufficient funds for day-to-day expenses.
• Machinery: The business loan provides the resources to invest in new machinery, boosting productivity and efficiency.
• Inventory: Maintain optimal stock levels without straining your cash flow.
• Facility Improvements: With a business term loan, you can upgrade your premises to improve operations and customer experience.

Repayment Terms Customized To Fit Your Business’s Unique Needs

We understand that every business is different. That’s why we offer customized repayment terms to align with your specific financial situation and business goals.

Local Decision-Making and Processing

With local processing, you benefit from faster turnaround times and personalized service from people who understand the local business landscape.

Attentive, Friendly Service From Start to Finish

From your initial inquiry to the final repayment, our team is committed to providing exceptional customer service, ensuring a smooth and supportive loan experience.

Schedule a Consultation With Fidelity Bank

Are you ready to take the next step in growing your business? Request more information about Fidelity Bank’s business term loans today. Our team is here to help you find the best financing solution to meet your business needs and goals.