Paycheck Protection Program Loans
Page updated 3/31/2021
Fidelity Bank is here for you.
Paycheck Protection Program Application & Forgiveness Information
Fidelity Bank cares deeply about the health and well-being of our area businesses and communities during these unprecedented conditions we are experiencing together. Our unique, caring LifeDesign Banking approach is focused on helping you get the clarity you need to move forward with confidence.
We will once again be participating in the SBA Paycheck Protection Program – both for current clients and for new clients.
Please see below for further instructions and resources program.
Connect with Us
If you have any questions please reach out to our CARES Act Support Team at:
Current Borrowers
Please note that our application process has changed. All applications for First and Second Draw loans will now be submitted through our new online application portal. If you are a new client/borrower to Fidelity Bank, please begin with the inquiry form in the section above.
Borrower Tutorial Video
We encourage you to watch this video prior to beginning your application. It explains the application, what is needed, and how to apply.
PPP Application Worksheet
Our helpful Worksheet is required to be completed and uploaded by all Fidelity Bank applicants. The Welcome tab of the worksheet provides more detail on the process and what documentation is needed.
Online Application Portal
Below is a link to our new online application portal to begin your application process.
Loan Forgiveness
Fidelity Bank Forgiveness Application Portal is open for current borrowers to complete their First Draw Paycheck Protection Program forgiveness process. Note that if you intend to apply for a Second Draw PPP Loan, the forgiveness process will be separate for each loan.
You do not need to have forgiveness on your First Draw loan in order to apply for the Second, but we encourage you to start your forgiveness as soon as you are able.
Forgiveness Portal Guide
In the PDF link below you’ll find information that will help guide you through using the portal as efficiently and effectively as possible.
Loans Under $150,000
The SBA has introduced a simplified 3508S Forgiveness Application for loans $150k or smaller. Below is a link to a Borrower Tutorial Video specifically on the 3508S Application Process.
Forgiveness Application Portal
Below is link directly to our Forgiveness Portal to begin your application process:
Resources
For your convenience, we’ve compiled the following resources directly from the Small Business Administration (SBA). All pertinent information on First Draw, Second Draw, and Loan Forgiveness is outlined here.
SBA Paycheck Protection Program
First Draw PPP Loans
Loans for first time program participants.
Second Draw PPP Loans
Loans for certain businesses who have previously received a PPP loan.
PPP Loan Forgiveness
Please note, all information provided on PPP is for planning and informational purposes only and is based on the most current information we have from the SBA, which is subject to change. Information provided is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
