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Demystifying small business lending with Tim Hunter, Fidelity Bank
Episode 620th May 2021 • Owner Operated with Jonah Pollone • Jonah Pollone
00:00:00 01:04:43

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Tim Hunter is a Business Development Officer for Fidelity Bank, based in Raleigh, North Carolina. Tim and I bonded over our mutual appreciation for small and blue-collar businesses. We covered:

Why would you use a bank as a small business owner?

  • How to interview lenders as a business owner
  • Benefits of a community bank for a small business
  • Do you need to offer a personal guarantee?
  • The importance of doing business in a niche you understand
  • Bank "quotas" on lending to specific types of industries
  • Process and structure of a community bank
  • Family time as a way to decompress
  • The importance of having an inner circle of advisors

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Fidelity Bank: https://www.fidelitybank.com/

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