SBA Loan Details

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. 

• Available for start-up businesses, as well as existing businesses
• Competitive rates for a wide range of business needs
• Generally lower down payments than other commercial loans and extended terms
• Local decision-making and processing
• Delivering attentive, friendly service through the entire loan process

To Get Started

Applying for an SBA loan is simple. For a list of documentation requirements or questions about the process, just contact your local banker. 

Meet our SBA Business Development Director

What Is an SBA Loan?

An SBA loan is a type of business financing backed by the U.S. Small Business Administration. The organization doesn’t offer direct business loans; rather, it partners with approved lenders like Fidelity Bank to provide loan guarantees, reducing the risk for lenders and making it easier for small businesses to access capital. These loans support companies that might not qualify for traditional loans, offering more favorable terms and conditions. Our SBA loan officers can assist you navigate financing options.

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Types of SBA Loans

Different types of small business loans are available through the SBA program, including the 7a and 504 loans. Here’s an overview of each to help you assess the right SBA loan program for your business:

SBA 7(a) Loans: The SBA 7(a) loan program is the most popular option, providing financial assistance for various business purposes, including working capital, expansion, equipment purchase, and real estate acquisition. Loan amounts can go up from $500,001 to $5 million.

7(a) Small Loans: Targeted for smaller requests, allowing for an expedited and streamlined application process. Term loans up to $500,000. 

SBA 504 Loans: The SBA 504 loan program is designed for businesses looking to help business owners upgrade their assets or equipment. It involves two lenders: a Certified Development Company (CDC) that provides up to 40% of the financing and a private lender like Fidelity Bank that covers up to 50%, with the borrower contributing the remaining 10%.

Microloan: The SBA also offers up to $50,000 microloans for small businesses. These loans are typically used for working capital, inventory purchase, or equipment acquisition.

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 $500,000 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. 

SBA Loan Comparison

SBA Loan Benefits and Features

SBA loans offer numerous advantages that make them an attractive option for small businesses:

• Lower Down Payments: The down payment involved in SBA loans is cheaper than other business loans, making it accessible for business owners with limited cash reserves.
• Longer Repayment Terms: With repayment terms extending up to 25 years for real estate and 10 years for other purposes, SBA loans provide more manageable monthly payments.
• Flexible Use of Funds: Different SBA loan types apply for varying needs. Whether you need money for capital or upgrading operational equipment, there’s an SBA loan program to suit your needs.

Fidelity Bank is a Trusted SBA Lender 

Fidelity Bank is an experienced and trusted SBA lender committed to helping small businesses succeed. Here’s how we can assist you in obtaining an SBA loan:

• We Make It Easy: We make getting SBA financing easier by providing a simple and streamlined application process. Our team will guide you through every step, ensuring all requirements are met for a smooth and quick approval.
• We Customize Our Solutions: We understand that every business is unique and tailor our SBA loan solutions to meet your needs. Our team will work closely with you to determine the best loan option for your business.
• We Offer Expertise and Support: Our team of experienced lenders deeply understands small business lending and can provide expert guidance throughout the SBA loan process. We are committed to helping your business thrive.

With Fidelity Bank’s SBA loans, you can access the capital you need to grow and succeed. Achieve your business goals without financial stress.

Buy, Build, or Expand Your Small Business with SBA Financing

Conquer your business goals with confidence. Explore our SBA loan options at Fidelity Bank and start your application today. Contact us now to speak with one of our experienced lenders and secure financing for your small business needs.

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, and 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 an SBA loan? 

Fees vary depending on the 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 and want to connect with us, either stop by one of our Financial Centers, complete the Request Info form below to have us contact you, or reach out directly to our SBA Lending Program Team at your local Fidelity branch.

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.