Fifth Third Bancorp
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Fifth Third Bancorp · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 488510 | Freight Transportation Arrangement | 1 | $215K | $215K | 12.5% |
| 424310 | Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers | 1 | $1.0M | $1.0M | 12.5% |
Geographic Distribution
SBA lending activity for Fifth Third Bancorp by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 6 | $2.1M | 75.0% |
| Florida (FL) | 1 | $1.0M | 12.5% |
| Kentucky (KY) | 1 | $106K | 12.5% |
Why Choose Fifth Third Bancorp?
Based on SBA 7(a) lending track record from 2001-2007
- ✓Proven Track Record: 8 SBA loans approved, totaling $3.2M in financing
- ✓Industry Expertise: Specialized focus on Freight Transportation Arrangement, Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $106K to $1.0M, with an average of $401K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in OH, KY, FL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Fifth Third Bancorp SBA lending
What types of businesses does Fifth Third Bancorp typically finance?
Fifth Third Bancorp specializes in SBA 7(a) lending to specific industries including freight transportation arrangement, piece goods, notions, and other dry goods merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fifth Third Bancorp's typical SBA loan terms?
Fifth Third Bancorp's SBA 7(a) loans typically feature an average interest rate of — and average term length of 118 months (approximately 10 years). Loan sizes range from $106K to $1.0M, with an average loan size of $401K.
Do I need a business valuation for a Fifth Third Bancorp SBA loan?
Yes, Fifth Third Bancorp typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Fifth Third Bancorp compare to other SBA lenders?
Fifth Third Bancorp has originated 8 SBA loans totaling $3.2M since 2001. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Fifth Third Bancorp lend in?
Fifth Third Bancorp provides SBA 7(a) financing with particularly strong presence in OH, KY, FL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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