Fifth Third Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Fifth Third Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 584 | $213.8M | $366K | 6.4% |
| 621210 | Offices of Dentists | 464 | $793.8M | $1.7M | 5.0% |
| 722513 | Limited-Service Restaurants | 440 | $279.6M | $635K | 4.8% |
| 541940 | Veterinary Services | 400 | $803.3M | $2.0M | 4.4% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 248 | $96.5M | $389K | 2.7% |
| 484110 | General Freight Trucking, Local | 216 | $18.7M | $87K | 2.3% |
| 713940 | Fitness and Recreational Sports Centers | 192 | $71.7M | $373K | 2.1% |
| 238990 | All Other Specialty Trade Contractors | 184 | $110.0M | $598K | 2.0% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 176 | $185.8M | $1.1M | 1.9% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 168 | $49.7M | $296K | 1.8% |
Geographic Distribution
SBA lending activity for Fifth Third Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 1,688 | $953.7M | 18.4% |
| Michigan (MI) | 1,280 | $884.9M | 13.9% |
| Ohio (OH) | 1,752 | $866.8M | 19.1% |
| Illinois (IL) | 1,440 | $573.6M | 15.7% |
| Indiana (IN) | 656 | $394.3M | 7.1% |
| North Carolina (NC) | 640 | $292.9M | 7.0% |
| Texas (TX) | 128 | $245.5M | 1.4% |
| Colorado (CO) | 104 | $194.5M | 1.1% |
| California (CA) | 96 | $140.0M | 1.0% |
| Tennessee (TN) | 216 | $139.9M | 2.3% |
| Kentucky (KY) | 360 | $132.9M | 3.9% |
| South Carolina (SC) | 88 | $123.5M | 1.0% |
| Georgia (GA) | 168 | $109.7M | 1.8% |
| New York (NY) | 64 | $85.2M | 0.7% |
| Washington (WA) | 40 | $82.2M | 0.4% |
| Arizona (AZ) | 40 | $78.1M | 0.4% |
| West Virginia (WV) | 72 | $67.4M | 0.8% |
| Wisconsin (WI) | 40 | $61.0M | 0.4% |
| Missouri (MO) | 32 | $50.4M | 0.3% |
| Idaho (ID) | 32 | $46.2M | 0.3% |
| Minnesota (MN) | 16 | $45.6M | 0.2% |
| Alabama (AL) | 32 | $39.4M | 0.3% |
| New Jersey (NJ) | 40 | $38.4M | 0.4% |
| Pennsylvania (PA) | 48 | $33.0M | 0.5% |
| Louisiana (LA) | 16 | $32.7M | 0.2% |
| Virginia (VA) | 24 | $29.3M | 0.3% |
| Arkansas (AR) | 16 | $28.8M | 0.2% |
| Oregon (OR) | 16 | $25.4M | 0.2% |
| New Hampshire (NH) | 8 | $16.4M | 0.1% |
| Alaska (AK) | 8 | $15.1M | 0.1% |
| Maine (ME) | 8 | $13.6M | 0.1% |
| Utah (UT) | 8 | $13.5M | 0.1% |
| Oklahoma (OK) | 16 | $11.1M | 0.2% |
Why Choose Fifth Third Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 9,192 SBA loans approved, totaling $5.87B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Offices of Dentists, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.50% with flexible term lengths averaging 157 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $638K
- ✓Nationwide Reach: Active lending in 33 states, with strong presence in OH, FL, IL
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 Bank SBA lending
What types of businesses does Fifth Third Bank typically finance?
Fifth Third Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, offices of dentists, limited-service restaurants, veterinary services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fifth Third Bank's typical SBA loan terms?
Fifth Third Bank's SBA 7(a) loans typically feature an average interest rate of 8.50% and average term length of 157 months (approximately 13 years). Loan sizes range from $10K to $5.0M, with an average loan size of $638K.
Do I need a business valuation for a Fifth Third Bank SBA loan?
Yes, Fifth Third Bank 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 Bank compare to other SBA lenders?
Fifth Third Bank has originated 9,192 SBA loans totaling $5.87B since 2020. 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 Bank lend in?
Fifth Third Bank provides SBA 7(a) financing with particularly strong presence in OH, FL, IL, MI, IN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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