7a Loan Program
SBA 7(a) loans are the most common type of SBA loan. 7(a) loans facilitated through Fidelity Bancorp Funding (FBF) will be primarily used for real estate acquisitions, business acquisitions, or refinancing of commercial real estate. Other SBA eligible uses of proceeds such as working capital, machinery, furniture and fixtures, equipment, and building improvements can be considered by FBF in conjunction with a commercial real estate loan request. Projects are secured by a 1st Deed of Trust/Mortgage on commercial real estate, meeting qualifications, and having a maximum Loan to Value of 90%.