Fund your dream like Olivia with a HELOC from Fidelity Bank
Have a great business idea, but need collateral? Learn more about Olivia’s story…
Olivia’s always making her friends and family thoughtful, handmade gifts. When she retired from teaching in 2019, her husband suggested she try selling some of her items on Etsy in her spare time. What started off small quickly gained steam, and soon Olivia realized she needed to expand. Order volume was good, but often inconsistent, and in order to stock the supplies she would need, she’d have to secure materials in bulk. She also outgrew her workspace and realized she needed to move from her dining room table to the spare bedroom.
While she had retirement funds coming in each month, she didn’t want to mix up her business and personal finances. However, since she was relatively new, she was finding it hard to secure a small business loan. Credit cards were an option, but she was worried about high-interest rates.