Fifth Third Bank Extends More Than $12 Billion in Credit to Business Customers

Staff Report From Georgia CEO

Monday, August 10th, 2015

Fifth Third Bank announced today that it has extended more than $12 billion in new and renewed credit to business customers from April through June 2015. Fifth Third Bank loaned more than $8.5 billion to businesses throughout its footprint during the First Quarter of 2015.

Companies who have received loans from Fifth Third Bank during this time period include:

  • Assurance Operations Corp, a full service engineering and manufacturing solutions company specializing in metal fabrication, stamping applications and industrial packaging. The Lawrenceburg, TN based company secured acquisition financing and treasury management services.

  • American Panel Corporation, a producer and distributor of commercial and military plane panels and technology and Manufacturing Resources International is a manufacturer and distributor of large digital display marketing units. The Alpharetta, Georgia based companies secured a line of credit, commercial real estate loan and other treasury management services.

  • Kalson’s Hospitality, an owner/operator of nationally flagged hotels in Central Florida. The Company secured a construction loan to develop a 133 room Homewood Suites.

  • The Cellular Connection, a premium Verizon Wireless Retailer in Carmel, Indiana. The Company secured a revolving line of credit, term loan for acquisitions and to enhance working capital.

  • Orion Care Services, an owner/operator of 18 skilled nursing facilities located in Ohio and Michigan secured a term loan to refinance existing real estate and fund future acquisitions and development.

  • Spears Transfer Expediting, a Dayton, Ohio based trucking and logistics company. The Company secured an SBA term loan, line of credit and other treasury management services to enhance working capital.

“Fifth Third remains dedicated to providing business access to credit,” said Greg Kosch, executive vice president and head of the Wholesale Bank for Fifth Third. “We will continue to work with qualified businesses to help them expand and generate jobs.”