To our valued clients from President & CEO Chuck Mueller
At the center of our company’s purpose is a commitment to help our clients, this is why we have been working hard to keep our operation seamless so we can be ready to support you and your business. To that end, we have set-up this COVID-19 resource page to host state and federal loan program information along with business resources, based on customer questions.
We will continue to update this page based on the quick changing resources and customer questions so we recommend bookmarking the page and visiting it often.
We also encourage you to stay in close contact with your banker as that person knows your business well and is ready to be your partner through this unprecedented time.
Note: This email address will connect you with a member of our SBA team. This is not a secure email system. Do not send confidential information, including application related information, through this email. As a reminder, Fidelity Bank is a local, independent bank located in Edina, MN, serving the MN-based business communities.
Special State and Federal Loan Programs
Paycheck Protection Program (PPP)
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. The $2 Trillion Federal economic stimulus package included a $659B measure called the Paycheck Protection Program (PPP). The PPP has been governed by the U.S. Small Business Administration (SBA) and fulfilled through lenders. As of August 8, 2020, the PPP is no longer available and therefore Fidelity Bank is not accepting applications. Details about the program can be found here.
Disaster Loan (EIDL)
In response to the Coronavirus (COVID-19) pandemic, small business owners and non-profit organizations are able to apply for an Economic Injury Disaster Loan (EIDL). EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses.
SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications on June 15 to all qualified small businesses, including U.S. agricultural businesses.
Minnesota Small Business Relief Grants
The Minnesota Small Business Relief Grants program will make available $10,000 grants to Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. A total of $60.3 million is available for grant awards which will be selected through a computer-generated, randomized selection process.
Fidelity Bank's COVID-19 Health and Safety Measures
As of Monday, July 6th, Fidelity Bank has adjusted our COVID-19 lobby and auto bank information, along with procedures for in-person visits.
This page will continue to be updated as a resource for clients to access as we continue monitoring the ongoing coronavirus situation.
Lobby and Auto Bank Hours
Lobby Opens Monday, July 6th
Effective July 6th, we will re-open our lobby and welcome customers without requiring an appointment.
For the welfare of our employees and customers, we have added many health and safety protocols to our daily operating procedures.
In accordance with public health recommendations and the Edina Mask requirement, our employees will be wearing a mask when serving customers. If customers need a mask, we are happy to provide one.
Current Monday to Friday Lobby and Auto Bank Hours
- Lobby: 9:00 a.m. – 4:00 p.m.
- Auto Bank: 7:30 a.m. – 4:00 p.m.
Night Depository – Available 24/7
For your convenience, Fidelity Bank also offers many online services to conduct your banking remotely.
Health and Safety Measures
To help ensure the well-being of our customers and employees, we have added a number of health and safety protocols.
- We ask that no one enter our facility if sick or experiencing any COVID-19 symptoms.
- For your protection, our employees will wear a mask while assisting you.
- Customers are also encouraged to wear masks and we will have single use masks available, if needed.
- Hand sanitizer is located throughout our bank.
- Protective shields will be used in our teller windows and customer service desks.
- We will be maintaining social distancing and will ask you to do the same.
- Enhanced cleaning is conducted throughout the day, with special emphasis on high touch surfaces.
- Coffee and monthly cookies have been removed from the lobby.
COVID-19 Related News
As the initial frenzy of the application, documentation and funding phases for the Paycheck Protection Program (PPP) fades into the background, businesses and bankers alike are looking ahead to what’s next. For many that means confirming that PPP funds are being used appropriately and as efficiently as possible. As a bank, it’s important for our team to help clients […]
To our valued clients, On Wednesday, Minnesota Governor Tim Walz signed Executive Order 20-20 directing Minnesotans to stay at home and limit movement outside of their home beyond essential needs. This order will be in effect March 27th through April 10th. I want you to know that Fidelity Bank is taking this order seriously […]
Cybersecurity & Infrastructure Security Agency (CISA) Scam Warning from the Department of Homeland Security
The Cybersecurity and Infrastructure Security Agency (CISA) warns individuals to remain vigilant for scams related to Coronavirus Disease 2019 (COVID-19). Fidelity Bank wants to help protect our clients. We are asking clients to exercise caution in handling any communication related to COVID-19. Please be advised that Fidelity Bank will never ask for credentials by phone or […]
Still Have Questions?
Contact your banker directly.
Call Fidelity Bank at (952) 831-6600.
Send the Fidelity Bank team at email@example.com.
This is not a secure email system. This email address is for inquiries only. Do not send confidential information, including application related information, through this email. We are not accepting applications through this email. As a reminder, Fidelity Bank is a local, independent bank located in Edina, MN, serving the MN-based business communities.