Home » Fifth Third extends more than $7.1 billion in credit to business

Fifth Third extends more than $7.1 billion in credit to business

Credit given from April through June

Fifth_ThirdCINCINNATI, Oh. (July 31, 2014) — Fifth Third Bank announced today that it has extended more than $7.1 billion in new and renewed credit to business customers from April through June. Fifth Third Bank loaned more than $6.9 billion to businesses throughout its footprint during the First Quarter of 2014.

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

  • Sim-Lohman, the Midwest’s largest distributor of cabinets and fabricator of counter tops. The Cincinnati, Ohio based company secured a line of credit and term loan used to fund five acquisitions over recent months.
  • Mansfield Oil Company, a national leader in the dynamic North American energy supply, logistics and services enterprise, is focused on partnering with clients to provide innovative, technology-based solutions to support their energy supply chain. The fuel company received working capital financing to help meet its strategic business goals.
  • Community Action Stops Abuse, Inc. (CASA), a Florida based non-profit organization that supports victims of domestic violence. CASA received loan financing for a new 100 bed shelter in St. Petersburg, Florida.
  • Kentec, Inc., a distributor of commercial quality tools located headquartered in Georgia. Kentec secured a revolving line of credit, Commercial Real Estate loan and purchasing card solution.
  • Broadstar Equity, a private cable operator providing cable, internet and phone service to high density properties based in West Palm Beach, FL. Broadstar received a term loan to consolidate existing debt and revolving line of credit. In addition they received a commercial card, lockbox and other treasury services.