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Fifth Third Bank Lends More Than $7.6 Billion to Business Customers

April 22, 2013, 07:00 AM
Filed Under: Industry News
Related: Fifth Third

Fifth Third Bank announced today that it has extended more than $7.6 billion in new and renewed credit to business customers from January through March 2013.

"We are focused on listening to our customers to understand their businesses and changing needs," said John Bultema, executive vice president and head of Business Banking for Fifth Third Bank. "Fifth Third works closely with customers to provide credit and financing services to fit their business strategy and help them expand and generate jobs."

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

  • Acadia Healthcare, Inc., a Franklin, Tenn.-based provider of behavioral health treatment facilities for children, adolescents, adults and seniors. The company secured a revolving line of credit, a term loan, commercial card services and a treasury management program from Fifth Third Bank to help meet its strategic business goals and finance continued expansion and growth.
  • CGM Services, Inc., a heating, ventilation and air conditioning (HVAC) maintenance and service provider headquartered in Tampa, Fla. The company received a revolving line of credit and a commercial mortgage from Fifth Third. These loans will allow CGM Services to expand its marketing strategy and gain market share.
  • Omnipoint, Inc., a technology consulting firm headquartered in Sandy Springs, Ga. The company secured a short-term loan from Fifth Third to help manage cash flow and improve access to working capital for a strategic business initiative.

"Fifth Third believes businesses, both large and small, play a key role in our continued economic recovery," said Greg Kosch, executive vice president and head of Commercial Banking for Fifth Third Bank. "We are committed to helping these clients improve their access to working capital and achieve their long-term business goals."

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