Programs

Programs

To learn more about the business loans Fidelity Pandemic Relief Services can assist you with, please refer to the programs below. Our Account Executives will guide you through the application & qualification process giving you the best opportunity to get your loan funded.

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EIDL - Economic Injury Disaster Loans

Who Qualifies – Small businesses with 500 or fewer employees – including nonprofits, veterans organizations, tribal concerns, self employed individuals, sole proprietorships, and independent contractors are eligible. Businesses with more than 500 employees are eligible in certain industries.

Loan Size – $1,000 – $2 Million

Loan Term – 15 to 30 years

Interest Rates – Ranging from 1.75 – 3.75% APR

More Information
Advanced programs available, allowing you to receive $1,000 – $25,000 while waiting for approval.

Loan will automatically be deferred for the first 12 months.

Other Affiliated Programs

SBA Express Bridge Loan

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SBA Express Bridge Loan

The Express Bridge Loan pilot program allows businesses who currently have a business relationship with an SBA lender to access up to $25,000 quickly.

These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. In addition, there can be term loans used to bridge the gap while applying for a direct SBA EIDL (Economic Injury Disaster Loan).

Terms –

  • Up to $25,000

  • Fast turnaround

  • Will be paid in full or in part by proceeds from the EIDL loan

Other Affiliated Programs

  • EIDL – Economic Injury Disaster Loan

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Main Street Lending Program

The MSLP is a Federal Reserve Program designed to help credit flow for small to medium-sized businesses that were in sound financial condition before the COVID-19 pandemic. This program is designed for businesses that were either unable to access the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) or that require additional financial support after receiving a PPP loan. Please note, MSLP loans (as opposed to PPP loans) are not forgivable.

Loan Size – $250,000 up to $300 Million with up to 15,000 employees

Loan Term – Five years

Interest Rates – Range between 3.0% & 6.0% APR

*Nonprofit businesses not eligible

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PPPP (P4 Act)

Already have a Payment Protection Program loan?

Work with our expert account executives to navigate a second round of funding for your business through the P4 Act.

The Prioritized Paycheck Protection Program is designed to get your business additional protection for two and a half months above and beyond what you have already received on the following: .

Lease, mortgage, or rent payment

Monthly payroll

Utilities

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Programs coming soon:

Check back for updates to programs under review for approval:

HEROES Act – Health and Economic Recovery Omnibus Emergency Solutions Act

ERTC Act – Employee Retention Tax Credit Act

STEP Act – State Trade Expansion Program Act

HEALS Act – Health, Economic, Assistance, Liability Protections and Schools Act