Fidelity Deposit and Discount Bank: SBA business acquisition lending record
Fidelity Deposit and Discount Bank (home state PA) approved 30 SBA 7(a) loans to buy existing businesses since FY2018, totaling $9.4M. The median loan was $303,150. It ranks number 251 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $132,750 and $413,100. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Pennsylvania is the largest state (97% of loans). Loans appear in only 2 states, which points to a regional lender.
- Industry concentration. Full-Service Restaurants is 30% of its acquisition loans. This is a specialist pattern.
- Overall 7(a) volume. 97 SBA 7(a) loans of any purpose since FY2020, totaling $32M. 73% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 7% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Too few of its loans are old enough to measure a charge-off rate.
Fidelity Deposit and Discount Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $592K | $184,000 | |
| FY2020 | 1 | $828K | $828,000 | |
| FY2021 | 3 | $893K | $247,500 | |
| FY2022 | 8 | $1.6M | $118,850 | |
| FY2023 | 1 | $334K | $334,000 | |
| FY2024 | 1 | $367K | $366,500 | |
| FY2025 | 6 | $2.5M | $405,000 | |
| FY2026 | 7 | $2.3M | $360,000 |
How often do these acquisition loans fail?
Fewer than 20 Fidelity Deposit and Discount Bank acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 29 | 96.7% | $8.9M | |
| 2 | New Jersey | 1 | 3.3% | $560K |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 9 | 30.0% | $2.2M | |
| 2 | Other Building Finishing Contractors | 2 | 6.7% | $754K | |
| 3 | All Other Home Furnishings Retailers | 2 | 6.7% | $544K | |
| 4 | Tire Dealers | 2 | 6.7% | $152K | |
| 5 | Offices of Certified Public Accountants | 1 | 3.3% | $828K | |
| 6 | Shoe Retailers | 1 | 3.3% | $650K | |
| 7 | Limited-Service Restaurants | 1 | 3.3% | $560K | |
| 8 | Beauty Salons | 1 | 3.3% | $540K | |
| 9 | Convenience Retailers | 1 | 3.3% | $450K | |
| 10 | General Automotive Repair | 1 | 3.3% | $416K |
The purchase agreement decides what you bought, not the loan approval.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ben & Jerry's | 1 | 3.3% | $560K | |
| 2 | Philly Pretzel Factory | 1 | 3.3% | $150K |
Questions buyers ask
Does Fidelity Deposit and Discount Bank make SBA acquisition loans?
Yes. Fidelity Deposit and Discount Bank approved 30 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 251 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Fidelity Deposit and Discount Bank's acquisition loans?
The median was $303,150, with the middle half between $132,750 and $413,100. The national median is $645,250, so this lender's typical loan is 53% lower than the national figure.
Which states does Fidelity Deposit and Discount Bank lend in?
Pennsylvania (29), New Jersey (1). Its loans appear in 2 states, so it is closer to a regional lender.
Which industries does Fidelity Deposit and Discount Bank finance?
Full-Service Restaurants (9), Other Building Finishing Contractors (2), All Other Home Furnishings Retailers (2), Tire Dealers (2), Offices of Certified Public Accountants (1). The top industry is 30% of its acquisition loans.
How have Fidelity Deposit and Discount Bank's acquisition loans performed?
Fewer than 20 of this lender's loans are old enough to measure. The national benchmark is 3.5% for the FY2018 to FY2021 cohort.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Pennsylvania acquisitions
- New Jersey acquisitions
- Full-Service Restaurants
- Other Building Finishing Contractors
- All Other Home Furnishings Retailers
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Fidelity Deposit and Discount Bank.