ABL Services Directory

Fifth Third Business Capital

Contact Information

Michael Sharkey
President
847-653-7775
Mike.Sharkey@53.com
Heidi Luck
Director | Marketing Manager
860-645-3463
heidi.luck@53.com

Description/Services

In Business Since: 2008

Trade Associations: Commercial Finance Association, Turnaround Management Association, Association for Corporate Growth

Type of Business: Asset Based Lending

Fifth Third Business Capital and Fifth Third Business Capital Canada are divisions of Fifth Third Bank, an Ohio-chartered bank, that provide creative asset-based financing to middle market companies throughout the United States and Canada ranging from $5 million and up. Serving middle market manufacturers, distributors and service companies; selected regional or national store-based retail chains with sales from $25 million and up, primarily with needs related to acquisitions, dividend recapitalizations, growth, debt restructurings, debtor-in-possession, CAPEX and turnarounds. Prospects should generally be profitable with sufficient cash flow to cover debt service. Turnarounds are selectively considered provided a return to profitability can be documented through due diligence. Fifth Third provides flexible structures that include revolving lines of credit supported by accounts receivable and inventory and term loans, supported by equipment and real estate. Dedicated syndication capabilities.

GENERAL LENDING PARAMETERS

  • Loan commitments
  • $5,000,000 and up
  • Dedicated syndication capabilities



STRUCTURE

Revolver:

  • Up to 85% of eligible accounts receivable
  • Up to 60% of eligible inventory with higher advance rates available based upon appraisal and to meet seasonal needs

Term Loans:

  • Up to 85% of net orderly liquidation value of equipment
  • Up to 80% of appraised fair market value of real estate
  • Capital expenditure facilities available to finance new equipment purchases

Amoritization:

  • Up to 7 years — equipment loans
  • Up to 15 years — real estate loans



Our Expertise in Asset-Based Lending

Fifth Third Bank offers asset-based lending as a financing alternative for companies that are asset-rich and looking to increase or maximize their borrowing capacity. Whether you are a large corporation or middle-market company, when you choose asset-based financing with Fifth Third, you can look forward to:

  • A consultative approach to finding financial solutions
  • Lending for a broad spectrum of business opportunities:
    • Growth
    • Mergers and Acquisitions
    • Refinancing or recapitalization
    • Turnaround facilities
  • ABL solutions for businesses with revenues from $25 million and up
  • Facility sizes from $5 million and up
  • Ability to provide financing based on an array of assets from traditional working capital to fixed assets and intangibles
  • Footprint that covers the entire United States and Canada


INDUSTRIES WE SERVE

Our Industry Focus includes manufacturers, distributors, selected service companies with sales generally from $25 million and up.