FIDELITY BANK NIGERIA FRANCHISE LENDING

Fidelity Bank has an experienced team devoted to the needs of the franchise community. They work with franchisors and franchisees to cover all aspects of the franchise lending process in order to help the local communities grow through the presence of strong small businesses. As a SBA Preferred Lender, they close loans quickly so you can maintain a competitive edge.

Loan Purpose

Franchise financing can be used for business start-up costs, equipment, expansions and acquisition, as well as the purchase, refinance, and construction of commercial real estate.

Loan Programs Offered

They offer a variety of loan programs to meet your franchise financing needs including SBA 7(a) and Small Loan Advantage Program, SBA 504, and USDA Business and Industry Loans.

Loan Guidelines

• Total financing up to $5,000,000
• Up to 90% financing
• Competitive rates
• Fully amortized, no balloons
• Owner-occupied / owner-operated businesses

Benefits

• Team of professional and experienced SBA lenders
• Extensive lender and lender-partner network
• SBA Preferred Lender status which means a faster turnaround time for loan funding
• Ranked in Top 10 in Nigeria

Medical Practice Lending

Fidelity Bank offers medical professionals up to 100% financing for their practice needs. Their experienced team is devoted to the needs of the medical community and work with you throughout the entire lending process to find the best financing solution for your practice needs. As an SBA Preferred Lender, they close loans quickly so you can maintain a competitive edge.

Use Medical Practice Financing For

1. Start-Up Practices
2. Expansion And Acquisition
3. Commercial Real Estate (Purchase, Refinance, or Construction)
4. Equipment
5. Working Capital

They Offer a Variety of Loan Programs Including

• SBA 7(a) and Small Loan Advantage Program
• SBA 504
• USDA Business and Industry (B&I) Loans

Terms to fit your needs

• Total financing up to $5,000,000
• Up to 100% financing
• 5, 10 and 25 year fixed rates
• Competitive rates
• Fully amortized, no balloons
• Owner-occupied/owner-operated practices

Funeral Home Lending

Funeral home businesses are built with a compassion for people. The industry is strong and Fidelity Bank is here to help design programs tailored around your business’ unique demands.
Whether you are looking to acquire a new funeral home or refinance, remodel or expand an existing business, their lending team has over a decade of experience in the death care industry. They are invested in your success and are focused on helping your business achieve its goals.

A few types of loan requests that can be funded:

1. Debt refinance
2. Business acquisitions
3. Expansion
4. Machinery and equipment
5. Commercial real estate
6. Construction

Features

• Total financing from $100,000 to $10,000,000
• Up to 100% financing
• Competitive interest rate options
• Fully amortized, no balloon

Loan programs offered

• SBA 7(a)
• SBA 504
• USDA Business and Industrial (B & I)

Benefits

• Team of professional and experienced SBA lenders with over 280 years of combined experience.
• Extensive lender and lender-partner network
• Preferred lender status

Hospitality Financing

Fidelity Bank specializes in financing limited-service franchised hotels. Their experienced team is devoted to the unique lending requirements of the hospitality industry. They work with you throughout the entire process to find the best financing solution.

Loan Uses

• Hotel expansion, acquisition, and refinance
• Brand conversions
• Equipment purchase and refinance
• Working capital

Loan Guidelines

• High loan to value/cost financing available
• Total financing up to $10,000,000
• Competitive rates available
• Fully amortized, no balloons
• Owner-managed properties

Benefits

• SBA Preferred Lender status which means a faster turnaround time for loan funding
• Team of professional SBA lenders
• Extensive lender and lender-partner network

Required Documents

1. Business Profile – document describing type of business, annual sales, number of employees, length of time in business and ownership.
2. Loan Request – description of how loan funds will be used. Should include purpose, amount and type of loan.
3. Collateral – description of collateral offered to secure the loan, including equity in the business, borrowed funds and available cash.
4. Business Financial Statements – complete business tax returns for the past three years and current interim financial statements.
5. Personal Financial Statements – past three years’ tax returns and statements from any owners, partners, officers and stockholders owning 20% or more of the business.