Grow your Business with a Business Loan
Loans and Financing for Small Business
If you’re considering building a new location, purchasing equipment, or just need some extra cash for daily operations, a small business loan or line of credit can help you get to the next step of growth. You can use a small business loan or line of credit for a variety of needs including paying bills and buying inventory. The first step is to identify what you need, and then identify which form of financing is best for you. We’ve put together a chart below to help get you started on the right path. Explore Fifth Third’s small business loans and financing options to grow your business and contact a Fifth Third Business Banker to apply.
Ready to get started?
| What do you need? | How Fifth Third can help | |||
|---|---|---|---|---|
| Lines of Credit | Term loans | Real Estate Loans | SBA Financing | |
| Easy access to cash to support day-to-day operations | ||||
| Get funding to acquire or start a business | ||||
| Finance equipment | ||||
| Limited equity cash for a down payment | ||||
| Buy, build or renovate commercial real estate | ||||
| Fixed interest rate | ||||
Note: With an active Business Line of Credit, Revolving Line of Credit, Term Loan or SBA Loan, we’ll waive the standard monthly service charge on your Business Premium or Business Elite Checking account1.
Lines of Credit
Access the capital you need to keep your business humming with fast funding, quick approval and flexible payments. A business line of credit is good for day-to-day operations, company payroll, equipment upgrade or repair, and marketing to grow sales.
We offer two types of business lines of credit: 1
- Unsecured line of credit:
- Like a credit card, not guaranteed by an asset.
- Access up to $100,000 in less than 5 days.
- Secured line of credit:
- Backed by an asset as collateral such as AR or inventory.
- Borrow over $100,000.
Real Estate Loans1
Provides the financing you need for bigger investments, such as vehicles, equipment or business expansions.1
Get the funding you need to make your big plans a reality with a commercial term or real estate loan from Fifth Third Bank, National Association.
- Fixed and variable interest rates available
- Includes new purchases or refinancing existing loans
- Use a commercial real estate loan to purchase, expand, renovate, remodel or restructure debt
- Term loans offer fast, flexible financing solutions
Additional Financing4
Want to expand your business? The right financing solution—for you and your customers—can help.
GreenSky® Program
Close more sales with fast, paperless consumer financing.
ApplePie Capital
Build your franchise with financing made easy.
SBA Financing
Backed by the Small Business Administration, an SBA loan or line of credit offers greater flexibility in loan amounts and repayment options, which usually means lower monthly payments for you.1
You can use an SBA loan for:
- Commercial real estate purchases
- Acquisition or expansion
- Construction
- Refinancing
- Working capital
- Equipment, machinery and furniture
- Exporting
Benefits:
- Fixed or variable interest rates with flexible terms, depending on the loan purpose, with no balloon payments1
- Loan closing costs may be financed1, 2
- As little as 10% down payment on commercial real estate
Who qualifies for an SBA loan?3
- Businesses must be for-profit
- Businesses must operate in the United States or its possessions
- Businesses cannot have more than $15,000,000 in maximum tangible net worth and a two-year average net income after federal income tax of $5,000,000
- Businesses must show that the loan can be repaid from existing cash flow
Find the right SBA loan for your needs.
Talk to your banker about the wide range of options available through today’s SBA financing.
Business Loans and Financing FAQs
How to Apply
Step 1. Collect. Collect the required documents for the loan application process such as financial statements, personal and business income taxes for the past 7 years, and proof of business registration.
Step 2. Contact. Contact a Fifth Third Business Banking Relationship Manager by setting up an appointment or calling 1-877-534-2264.
Step 3. Check in. You’ll get an answer from us on the status of your loan application. Keep in contact with your Relationship Manager to ensure all the required documents are accounted for.
Additional Resources
How to Finance Your Growing Business
Insurance is an essential part of running a small business, and there are many factors to consider when choosing a business insurance plan. Learn more.
What Type of Loan Should Your Small Business Apply For?
Looking to optimally manage your business’ growth? The Small Business Administration makes available a wide range of options to qualifying businesses, creating more powerful opportunities for expansion.
Top Ten States For Small Business Loans And How You Can Get Them
Top Ten States For Small Business Loans And How You Can Get Them
Ready to get started?