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.

The Solution

After talking to her husband, they both decided Olivia’s best move was to take out a HELOC with Fidelity Bank. A HELOC made the most sense since she did not need a substantial amount of money and was likely to lock in a low rate. She was able to secure a great rate and within weeks had transformed her guest bedroom into an office and crafts room, stocked full of the materials she’d be needing for future orders. After just a few months, she was able to use her business profits to pay down her HELOC and was able to begin enjoying her new business profits.

Best of all, she has access to a low-interest line of credit if she needs to tap back into her HELOC in the future.

Find out how Fidelity’s LifeDesign Banking approach can offer you the clarity and confidence you need to make the best decisions for your growing business.

Introductory rates as low as 5.99%* APR

8.00%* APR thereafter

Invest in yourself with a HELOC from Fidelity Bank.

Home equity lines of credit can be used to accomplish many goals. Here are a few examples…

kid playing with the family dog at their HELOC improved home

The Kim family used their HELOC to improve their home.

closeup of man paying with a debit card online from Fidelity Bank

Alex used his HELOC to consolidate credit card debt and pay it off fast.

man snapping his fingers

Jackson got prepared and used his HELOC to build an emergency fund.

*Annual Percentage Rates (APR) accurate as of 8/4/23. The introductory APR of 5.99% APR will be in effect for the first 6 months of your loan. After the introductory rate period, the subsequent Annual Percentage Rate (APR) will adjust monthly based on the highest Wall Street Journal published Prime Rate on the last business day of each month. Introductory APR only available to clients: without an existing Fidelity Bank home equity line or loan; with an existing or new CareChecking account; and with an automatic payment deduction from a Fidelity Bank Checking Account. Subsequent APR is prime minus .50%, prime minus .625 % with CareMore or SecureCare Checking, or prime minus .75% with CompleteCare Checking. Rate will never exceed 18% APR or drop below 4.00% APR. Available on 1-2 family owner-occupied homes and condominiums only. Loans available from $10,000 and up. You can borrow up to 100% of the equity you have in your home. Loans exceeding 75.01% Combined Loan to Value (CLTV) may have higher rates and require Private Mortgage Insurance (PMI). Property insurance required. There is an annual fee of $50.00. Interest begins to accrue when funds are advanced from line of credit. If the line is closed within 3 years, the Bank’s closing costs must be repaid. Interest may be tax-deductible. Please consult your tax advisor. All loans are subject to credit approval. Other restrictions may apply. Offers subject to change or termination at any time.

The Fidelity Bank LifeDesign HELOC examples are fictitious and not based on real people or stories. Any resemblance to actual events or locales or persons is entirely coincidental.