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Fifth Third Bank Accelerates its Business Line of Credit Process for Small Business Owners

July 07, 2017, 07:00 AM
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Fifth Third Bancorp announced that it is making it easier for small business owners to get access to capital. The Bank implemented changes to its Fifth Third Business Line of Credit, providing timely capital within three to five days for everyday operating expenses, equipment and inventory costs.

"At Fifth Third, we recognize there are situations that arise when a small business owner needs access to funds quickly in order to keep their business running,” said Kala Gibson, head of Business Banking for Fifth Third Bank. “We want to make sure we can help our customers when the need arises; not a month from when the need occurs.”

In a recent YouGov survey of small business owners commissioned by Fifth Third Bank, respondents said a lack of funds was the largest obstacle holding owners back from growth in 2017. With a focus on serving its customers and keeping them at the center of every decision, Fifth Third is now capable to provide a quicker decision and fast access to funding.

“We heard from our customers and listened to their feedback,” added Jimm Bell, director of Card Services for Fifth Third Bank. “The quick and easy application process and the expedited timeline between application and funding allow us to step up to the plate for our customers and deliver a Fifth Third better on their experience.”

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