Fifth Third Bank: SBA business acquisition lending record
Fifth Third Bank (home state OH) approved 323 SBA 7(a) loans to buy existing businesses since FY2018, totaling $431M. The median loan was $877,500. It ranks number 23 of 280 lenders by count and made 0.7% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $388,700 and $2,095,000. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Michigan is the largest state (26% of loans). Loans appear in at least 15 states, which points to a national lender.
- Industry concentration. Limited-Service Restaurants is 6% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 2,671 SBA 7(a) loans of any purpose since FY2020, totaling $1.6B. 75% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 13% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Of its loans from FY2018 to FY2021: 2.0% charged off, 43% lower than the 3.5% national average.
Fifth Third Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 28 | $31.7M | $875,000 | |
| FY2019 | 58 | $59.5M | $700,750 | |
| FY2020 | 27 | $28.6M | $660,000 | |
| FY2021 | 36 | $59.3M | $1,362,500 | |
| FY2022 | 26 | $30.6M | $530,000 | |
| FY2023 | 21 | $20.3M | $400,000 | |
| FY2024 | 38 | $71.4M | $1,441,600 | |
| FY2025 | 31 | $52.2M | $1,685,000 | |
| FY2026 | 58 | $77.4M | $788,300 |
How often do these acquisition loans fail?
Of the 149 Fifth Third Bank acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 2.0% by loan count and 0.6% by dollars. 63 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Fifth Third Bank is 43% lower than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 85 | 26.3% | $125M | |
| 2 | Texas | 64 | 19.8% | $117M | |
| 3 | Ohio | 51 | 15.8% | $32.2M | |
| 4 | Florida | 29 | 9.0% | $33.8M | |
| 5 | Illinois | 17 | 5.3% | $6.7M | |
| 6 | North Carolina | 14 | 4.3% | $18M | |
| 7 | California | 12 | 3.7% | $19.9M | |
| 8 | Indiana | 12 | 3.7% | $11.6M | |
| 9 | Tennessee | 7 | 2.2% | $8.9M | |
| 10 | Georgia | 4 | 1.2% | $8.1M | |
| 11 | New Jersey | 4 | 1.2% | $6.4M | |
| 12 | Washington | 3 | 0.9% | $6.8M | |
| 13 | Colorado | 2 | 0.6% | $6.4M | |
| 14 | New York | 2 | 0.6% | $6.1M | |
| 15 | South Carolina | 2 | 0.6% | $4.8M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 18 | 5.6% | $12.6M | |
| 2 | Full-Service Restaurants | 9 | 2.8% | $7.3M | |
| 3 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | 2.5% | $15M | |
| 4 | General Automotive Repair | 8 | 2.5% | $6.4M | |
| 5 | Commercial Printing (except Screen and Books) | 7 | 2.2% | $13M | |
| 6 | All Other Specialty Trade Contractors | 7 | 2.2% | $10M | |
| 7 | Offices of Dentists | 7 | 2.2% | $9.9M | |
| 8 | All Other Miscellaneous Retailers | 6 | 1.9% | $10.8M | |
| 9 | Child Care Services | 6 | 1.9% | $8.6M | |
| 10 | Veterinary Services | 6 | 1.9% | $8M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Little Caesars | 5 | 1.5% | $4.3M | |
| 2 | Culver's | 3 | 0.9% | $1.7M | |
| 3 | The Bar Method | 2 | 0.6% | $1.8M | |
| 4 | Woodcraft | 2 | 0.6% | $1.6M | |
| 5 | Jimmy John's | 2 | 0.6% | $912K | |
| 6 | Signarama | 2 | 0.6% | $428K | |
| 7 | Primrose Schools | 1 | 0.3% | $1.4M | |
| 8 | Orange Theory Fitness | 1 | 0.3% | $1.2M | |
| 9 | Great Harvest | 1 | 0.3% | $1M | |
| 10 | Sylvan Learning Centers | 1 | 0.3% | $1M |
Questions buyers ask
Does Fifth Third Bank make SBA acquisition loans?
Yes. Fifth Third Bank approved 323 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 23 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Fifth Third Bank's acquisition loans?
The median was $877,500, with the middle half between $388,700 and $2,095,000. The national median is $645,250, so this lender's typical loan is 36% higher than the national figure.
Which states does Fifth Third Bank lend in?
Michigan (85), Texas (64), Ohio (51), Florida (29), Illinois (17), North Carolina (14). Its loans span at least 15 states.
Which industries does Fifth Third Bank finance?
Limited-Service Restaurants (18), Full-Service Restaurants (9), Plumbing, Heating, and Air-Conditioning Contractors (8), General Automotive Repair (8), Commercial Printing (except Screen and Books) (7). The top industry is 6% of its acquisition loans.
How have Fifth Third Bank's acquisition loans performed?
Of 149 loans approved FY2018 to FY2021: 2.0% charged off, 43% lower than the 3.5% national acquisition average. Charge-offs reflect the borrowers and industries a lender serves as well as its underwriting.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- Michigan acquisitions
- Texas acquisitions
- Ohio acquisitions
- Limited-Service Restaurants
- Full-Service Restaurants
- Plumbing, Heating, and Air-Conditioning Contractors
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Fifth Third Bank.