The Fidelity Bank: SBA Lending Record

Fidelity: SBA record

307 loans for FY2017 to FY2026 stand against The Fidelity Bank. At Fidelity, gross dollars approved come to $311.6 million. The Fidelity book of 307 is SBA 7(a) business, with Fidelity at 0 SBA 504 loans. Fidelity lists North Carolina as its state. Fidelity holds 307 loans now or at last record. For Fidelity, SBA guarantees 307. Earlier holders of the 307 do not show. Who first financed a Fidelity loan is not shown, nor how Fidelity judges a request.

Fidelity: class mix

The class view leaves 195 of 307 unplaced at Fidelity. Fidelity: automotive mechanical repair at 19, then full-service restaurant at 17, next limited-service restaurant at 16. Next at Fidelity: hotel and motel at 12, next coffee shop and snack bar at 8; child care center at 7. Further at Fidelity: fitness center at 5. 195 unplaced loans lead the Fidelity table, so Fidelity covers under half of 307 in a class comparison.

Fidelity by state

By state, North Carolina leads Fidelity with 143 loans, then Florida with 36 and Texas with 24. The Fidelity table continues through Georgia at 20, South Carolina at 19, California at 7, Virginia at 7, Illinois at 5 and New Jersey at 5. Use the Fidelity spread to see how far 307 holdings extend past North Carolina.

Fidelity: cancellations

Fidelity cancellation floor, FY2017 to FY2024: 7.8% of 307 approvals. Our own rule withholds the Fidelity charge-off rate. Fidelity's cohorts are too small. Fidelity ceiling: 7.8%, counting undisbursed loans as cancelled. Fidelity: floor and ceiling meet.

Fidelity: reading the record

Fidelity offers borrowers facts about holdings, and 307 loans are those facts. Fidelity has another: the 7.8% floor. At Fidelity, neither fact predicts a decision. A Fidelity project stands on own numbers. The Fidelity study should pick out the 307 loans that resemble it. For Fidelity, it should flag the differences. Fidelity reads the project against 307 loans. A cancellation floor of 7.8% at Fidelity describes the past, not the future.

Fidelity: the study

With Fidelity in view, 307 loans frame the study, not the Fidelity decision. For automotive mechanical repair, Fidelity has 19 loans, the nearest comparison. Fidelity: the study tests bay utilisation. Fidelity needs technician cost tested too. Show Fidelity coverage in a slow year too. Fidelity needs an appraisal that supports it. Fidelity offers just 195 unplaced loans for an unnamed type. Fidelity's study makes the case. Fidelity holds 143 loans in North Carolina. Elsewhere, Fidelity holdings need a reason. The Fidelity floor of 7.8% is a warning. The Fidelity study should allow for delay.