COVID-19 Client Resources
To our valued clients,
The Coronavirus is top of mind for so many people, and it is top of mind for us too. Please be assured, the health and safety of our customers and employees is our priority.
We’ve implemented many contingency plans and you can learn more about those within the news section of our website.
At the center of our company’s purpose is a commitment to help our clients, this is why we’ll be working hard to keep our operation seamless so we can be there to support you and your business. To that end, we have set-up this resource page to host question and answer-style 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.
President & CEO
Frequently Asked Questions
Q: What government-based loan programs might I have access to?
A: The following are primary government-based financing resources available to businesses. Fidelity Bank is continuing to follow updates to ensure we’re able to support customers as soon as the additional information is available. The current government-based financing resources include SBA – Economic Injury Disaster Loan (EIDL), the DEED Program, and new Stimulus Package.
Q: What additional government-based resources are available?
A: Minnesota Unemployment Insurance – Shared Work Program: This program gives small business employers an alternative to layoffs. The program allows employers to divide available work hours among a group of employees vs. a full layoff of some jobs.
For more information and to apply visit the MN Unemployment Insurance website.
Q: What State and Federal tax changes should I be aware of?
A: There are several State and Federal tax changes including:
- Changing income tax deadlines
- Business taxes
- Property tax
- In-person services
- Free tax preparation services
For more details, visit the State of Minnesota’s COVID-19 Response page.