Creating conditional to display taxonomy term meta

I ended up adding an additional taxonomy meta class

I was then able to use the following to get my phone number:

<?php               
                    //Get the correct taxonomy ID by slug
                    $term = get_term_by( 'slug', get_query_var( 'term' ), get_query_var( 'taxonomy' ) );

                    //Get Taxonomy Meta
                    $saved_data = get_tax_meta($term->term_id,'loc_phone');
                ?>
                <?php if( $saved_data != "" ) {

                    echo $saved_data; 

                } else {

                    echo '(555) 555-555'; 

                }?>