Fidelity Bank Plc has positioned its EduLoan financing solution as a funding option for private schools seeking to manage cash flow, upgrade facilities and expand operations ahead of the 2026/2027 academic session.
The bank said the facility is designed to address the financial pressures faced by educational institutions, particularly the gap between periods of school-fee collection and the need to meet expenses ahead of resumption.
According to Fidelity Bank, eligible schools can access the EduLoan as either a short-term loan or overdraft facility, with repayment structured around school fee collection cycles, subject to applicable terms and credit assessment.
The facility can be used to finance a range of school-related needs, including classroom renovation, furniture, teaching materials, computers and other technology equipment, school buses, books, uniforms, generators, salaries and other operating expenses.
It can also support new building projects and expansion plans by schools seeking to increase their capacity, the bank said.
Fidelity Bank noted that private schools often face seasonal revenue patterns, while expenses such as salaries, maintenance, utilities, security and transportation continue throughout the year.
The bank said the financing solution was therefore intended to help schools manage working capital requirements during admission, registration, resumption and term-preparation periods.
Beyond access to credit, Fidelity Bank said school proprietors could benefit from maintaining proper financial records, effective budgeting, reliable payment systems and structured cash-flow management.
The bank said its broader support for the education sector also includes initiatives focused on educational infrastructure, learning materials and financial literacy, as part of its corporate social responsibility interventions.
As schools prepare for the new academic year, Fidelity Bank advised proprietors to plan their financing needs early and maintain accurate financial records to support their funding requirements.
The bank said its EduLoan could help eligible educational institutions finance immediate operational needs while supporting longer-term plans such as infrastructure development, technology upgrades and expansion.
Private school operators are expected to face increased demands for improved facilities, security, technology and learning resources as parents seek better educational outcomes for their children.
Fidelity Bank said its financing solution was designed to help schools respond to such needs while managing the timing of their revenues and expenses.
The bank urged interested school proprietors to visit its branches or contact their Relationship Managers for information on eligibility, applicable terms and available financing options.