Fifth Third Bank announced today that it has extended more than $11.4 billion in new and renewed credit to business customers from April through June 2013. During the first six months of 2013, Fifth Third Bank lent more than $19.1 billion to businesses throughout its footprint. “The needs of today’s business owners continue to change. Fifth Third works closely with customers to understand their credit needs and find the right financing solutions to meet their unique business goals,” said John Bultema, executive vice president and head of Business Banking for Fifth Third Bank. Companies who have received loans from Fifth Third Bank during this time period include:
- Genova Diagnostics, Inc., a medical laboratory that specializes in personalized medicine and wellness programs headquartered in Asheville, N.C. The company received an incremental term loan to help meet its strategic business goals.
- PillGuard Medication Delivery Systems, LLC, a Louisville, Ky.-based manufacturer of a prescription delivery device system. The company secured a term loan and treasury management program from Fifth Third to help finance continued growth.
- Wen Lake Corporation, a Lakeland, Fla., company that owns a national restaurant franchise. The company received a U.S. Small Business Administration (SBA) loan, deposit services and a treasury management program to help manage cash flow and improve access to working capital.