Fidelity Deposit and Discount Bank

This is a bank that offers SBA lending services, including 7(a) loans, to help small businesses secure financing for various growth needs. You can find personalized support, loan guidance, and banking products designed for small business success. Their team is dedicated to assisting entrepreneurs in navigating the loan process smoothly.

It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.

Fidelity Deposit and Discount Bank's Dunmore office is open Monday–Friday 8:00 AM to 5:00 PM, and Saturday 9:00 AM to 12:00 PM (Lobby and Drive-Thru). Confirm current hours by calling 570-342-8281.

There are no fees for initial consultations or inquiries. Loan-related fees such as guarantee fees, closing costs, and service charges may apply depending on the specific loan terms.

This bank primarily serves local small business owners and residents within the region. Eligibility for certain services may depend on residency or business location within the bank's operational area.

A minimum personal credit score of around 640 is generally recommended for SBA loan applicants, though higher scores can improve approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the completeness of the application and the complexity of the loan request.

Yes, this location is open Saturdays 9:00 AM to 12:00 PM (Lobby and Drive-Thru). It is closed Sundays. Confirm with the branch at 570-342-8281.

Fidelity Deposit and Discount Bank is located in Pennsylvania — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Fidelity Deposit and Discount Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Fidelity Deposit and Discount Bank itself, which runs its own lending under its own ownership. If you work at Fidelity Deposit and Discount Bank, you can claim this listing from this page to manage it.

The core details for Fidelity Deposit and Discount Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Fidelity Deposit and Discount Bank before applying. If you represent Fidelity Deposit and Discount Bank, claim this listing to keep its information up to date.

You can reach Fidelity Deposit and Discount Bank at 1-800-388-4380 or email Fidelity@fddbank.com for SBA lending inquiries. Online chat is also available.

Based on its approved SBA loans, Fidelity Deposit and Discount Bank most often finances businesses in restaurants & food service, general retail, construction & contractors, transportation & trucking, wholesale & distribution, and bars & nightlife. This reflects Fidelity Deposit and Discount Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Fidelity Deposit and Discount Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Fidelity Deposit and Discount Bank participates in SBA Express depends on its specific SBA lending authority. Contact Fidelity Deposit and Discount Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Fidelity Deposit and Discount Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Fidelity Deposit and Discount Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Fidelity Deposit and Discount Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Fidelity Deposit and Discount Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Fidelity Deposit and Discount Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Fidelity Deposit and Discount Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Fidelity Deposit and Discount Bank weighs this case by case under its own policy, so be upfront about your history and ask Fidelity Deposit and Discount Bank how it evaluates prior bankruptcies.