Small businesses are the backbone of the American economy, providing much needed jobs and services to their communities. With a lot of hard work, and a little luck, anybody can start up a small business and become a success story. Sometimes, however, even the most enthusiastic, industrious small business owner may need a helping hand to grow their business, which is where a U.S. Small Business Administration (SBA) loan comes in. There are SBA loans that fit businesses of all sizes, but the most important part is that they provide the capital needed to grow a small business. Read on to find out how a SBA loan acquired through a trusted bank can help your small business.
How SBA Loans Help
SBA loans are a great choice for small business owners because they are backed by the federal government, almost always providing better terms than you would find with a conventional loan. Loan amounts can go up to $5 million, and can be paid off over a 25-year period, giving small business owners the flexibility that they need to grow their company.
Get Your SBA Loan
One of the main components of getting an SBA loan is finding the right lender. Fidelity Bank is a trusted lending institution with the SBA Preferred Lender designation. Fidelity Bank offers basic SBA 7(a), SBA 504 and USDA loans, which are perfect for both starting and growing a small business. Because Fidelity Bank is a community bank, you can trust that we have your best interests at heart, the way lending should work. Contact us today to find out how Fidelity Bank can help to make your small business dreams come true with an SBA loan.