Fifth Third Bank approved 2,097 SBA loans worth $1.3B between October 2021 and June 2026, ranking #23 of 2,283 SBA lenders nationally by loan count. Its median loan was $200,000, and 23% went to startups or businesses under two years old. It lent in 38 states, most often in Michigan, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 483 | $289.6M | $231,500 | #2 |
| Texas | 387 | $248.3M | $250,000 | #13 |
| California | 270 | $101.0M | $175,000 | #31 |
| Florida | 227 | $143.5M | $150,000 | #20 |
| Ohio | 179 | $93.2M | $200,000 | #12 |
| Illinois | 151 | $61.9M | $100,000 | #12 |
| Indiana | 77 | $45.0M | $100,000 | #22 |
| North Carolina | 70 | $31.4M | $100,000 | #29 |
| Arizona | 48 | $30.2M | $250,000 | #34 |
| Kentucky | 43 | $15.0M | $85,000 | #12 |
| Tennessee | 29 | $26.3M | $310,600 | #23 |
| Georgia | 18 | $11.0M | $384,000 | #85 |
| New York | 14 | $20.0M | $1,002,850 | #93 |
| Colorado | 14 | $31.0M | $2,036,650 | #79 |
| South Carolina | 10 | $14.7M | $1,194,500 | #53 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 295 | $150,000 | |
| Professional and technical services | 250 | $250,000 | |
| Health care and social assistance | 244 | $588,100 | |
| Retail | 243 | $200,000 | |
| Restaurants and hotels | 203 | $200,000 | |
| Other services (repair, personal care) | 174 | $139,700 | |
| Manufacturing | 155 | $363,000 | |
| Transportation and warehousing | 120 | $81,000 | |
| Wholesale trade | 119 | $350,000 | |
| Administrative and support services | 90 | $100,000 |