Fifth Third Community Development Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Fifth Third Community Development Company · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 488410 | Motor Vehicle Towing | 1 | $137K | $137K | 50.0% |
Geographic Distribution
SBA lending activity for Fifth Third Community Development Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 1 | $137K | 50.0% |
| Kentucky (KY) | 1 | $100K | 50.0% |
Why Choose Fifth Third Community Development Company?
Based on SBA 7(a) lending track record from 2002-2002
- ✓Proven Track Record: 2 SBA loans approved, totaling $237K in financing
- ✓Industry Expertise: Specialized focus on Motor Vehicle Towing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $100K to $137K, with an average of $119K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OH, KY
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 Community Development Company SBA lending
What types of businesses does Fifth Third Community Development Company typically finance?
Fifth Third Community Development Company specializes in SBA 7(a) lending to specific industries including motor vehicle towing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Fifth Third Community Development Company's typical SBA loan terms?
Fifth Third Community Development Company's SBA 7(a) loans typically feature an average interest rate of — and average term length of 90 months (approximately 8 years). Loan sizes range from $100K to $137K, with an average loan size of $119K.
Do I need a business valuation for a Fifth Third Community Development Company SBA loan?
Yes, Fifth Third Community Development Company 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 Community Development Company compare to other SBA lenders?
Fifth Third Community Development Company has originated 2 SBA loans totaling $237K since 2002. 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 Community Development Company lend in?
Fifth Third Community Development Company provides SBA 7(a) financing with particularly strong presence in OH, KY. 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.
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