Fifth Third Business Capital provided $14.5 million in refinancing to Alliance Precision Plastics, a manufacturer of thermoplastic component parts. The refinancing consisted of a revolving credit facility, a term loan and a capital expenditure line.
Fifth Third Business Capital provided a $9 million revolving line of credit to support BMI Merchandise, a provider of redemption merchandise and inventory management solutions.
Wanda Alverio and Andre Lemons joined Fifth Third Business Capital as vice presidents and ABL principals. In addition, John Littrell was promoted to group head of portfolio management.