Daily News: May 14, 2014

Fifth Third Extends Over $6.9B in Credit to Businesses

Fifth Third Bank announced it has extended more than $6.9 billion in new and renewed credit to business customers from January through March 2014. In 2013, Fifth Third Bank lent more than $39 billion to businesses throughout its footprint.

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

Fifth Third Bank provided Agile Resources, an IT staffing and consulting firm headquartered in Atlanta, with a line of credit for working capital needs.

The bank financed the acquisition of Health Management Associates by Community Health Systems, a national general acute care hospital company headquartered in Franklin, TN, in January of 2014 with a combination of solutions.

Jedson Engineering, a full-service engineering, procurement and construction management company that recently constructed a new global headquarters building Cincinnati, was provided Jedson with construction and equipment loans supporting the future expansion of their business.

School Outfitters is a Norwood, Ohio-based company providing furniture and equipment to public, private and parochial schools and educational institutions. The Company plans to fund a renovation of their corporate headquarters allowing for additional employees and to access working capital to meet the needs of their growing business.

“We work closely with our business customers to provide them the right solutions and services to improve their access to working capital and to help them grow,” said Greg Kosch, EVP and head of the Wholesale Bank for Fifth Third.