Working Capital Loans

• Fund temporary increases in accounts receivable and inventory due to normal fluctuations in the operating cycle
• Replenish working capital used for fixed assets or other long term purchases

Commercial Real Estate Loans

• Acquisition/refinancing for investment property
• Construction and mini-perm financing
• Acquisition/refinancing/construction financing for owner occupied real estate

Residential Real Estate Loans

• Acquisition of land and development of residential lots
• Construction financing for residential builders/individuals for residential homes

Equipment Loans

• New and used equipment financing
• New and used vehicle financing

Small Business Administration (SBA) Loans

SBA Loans are loans where the SBA guarantees a portion of each loan.

Features of SBA Loans include:

• Eligibility-A wide array of owner-operated and managed-for-profit businesses from retail to wholesale, and manufacturing to service, are eligible for loans. Proprietorships, partnerships and corporations are eligible.
• SBA Guarantee – The SBA guarantees up to 85 percent for loans less than $150,000 and up to 75 percent for loans up to $1,000,000. Although there is no maximum loan amount, the amount of the SBA’s guarantee to First Fidelity cannot, by law, exceed $1,000,000.

Types of SBA Loans available:

• SBA 7(a) Loan
• SBA 504 Loan

Oil & Gas Production Loans

• Reserve based financing
• Property acquisition loans

Commercial Leasing

First Fidelity can structure leasing transactions to meet your preferred tax and accounting treatment and provide flexible purchase and return options. Leasing allows you to:

• Obtain 100% financing
• Pay for equipment as you use it
• Improve management and accounting of equipment cost
• Protect against technological obsolescence
• Conserve your cash for working capital lines

Business Manager Financing

Business Manager is a complete system by which the bank purchases your business’s existing receivables on a discounted basis, providing immediate cash and taking over the responsibilities for billing your customers and collecting payments.

• Business Manager allows you to get money immediately for your accounts receivable and enables you to offer terms to your customers.
• By having immediate availability of your cash, you may be able to take advantage of supplier discounts, pay off existing debt and otherwise reinvest in your business to create additional profits.

Corporate Credit Cards

First Fidelity offers three different business credit cards to provide your company the flexibility it needs for any situation:

• Business Edition Card-Recommended for individuals that travel, entertain or are at a management level. The Business Edition features a 25 day grace period with no annual fee.
• Corporate Edition Card-Similar to the Business Edition, but requires a minimum of 10 users. The Corporate Edition features a 25 day grace period with no annual fee. An easy to read management report is also available.
• Purchasing Edition Card-A cash management tool specifically designed to reduce the time and expense associated with the procurement and processing of low dollar, highly repetitive business purchases. Recommended for individuals that have specific purchasing needs. The purchasing Card has the same acceptance and functionality of a Business Card with the ability to place numerous restrictions of where and how it can be used. Detailed reports are available featuring cardholder listings, transaction details, monthly activity by cardholder and a consolidated monthly report.