Fifth Third Bank Lease Banking

Fifth Third Bank Lease Banking
6111 N. River Road
Rosemont, IL 60018
847.653.2000
http://www.53.com

Contact Information

Brian Griffin, SVP | Lease Banking Group Head
847.653.1874
brian.griffin@53.com

Judy Hill, SVP | Paying Agent Services
630.203.2723
judith.hill@53.com


Comments

Fifth Third understands the unique needs of U.S. equipment leasing companies. We offer a mix of financing solutions to help them meet their goals, including flexible and competitive debt financing, working capital, efficient treasury management services and responsive client service.

Fifth Third primarily makes three-to-five-year, fixed rate loans secured by the leased equipment and assignment of the lease contract and the lease rentals between the lessor as
owner of the equipment and lessee as the user of the equipment. We also selectively partner with leasing companies as an equity investor in leases.

With Fifth Third’s Paying Agent service, leasing companies can manage multiple payments to multiple parties by way of a single payment while enhancing the speed, accuracy and security of collections and disbursements.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank. As of March 31, 2019, the bank had $168 billion in assets.

General Information

Funding Information

Company Type

  • Bank

In Business Since

  • 1858

Trade Associations

  • ELFA

Funding Source Type

  • Lender

Source of Funds

  • Internal

Annual Funded Volume

  • $800MM - $1,000MM

Transaction Profile

Deal Size Range

  • $250K-$1MM
  • >$5MM

Average Deal Size

  • $1MM

Term

  • 3-5 Years

Average Term

  • 3-5 Years

Products Offered

  • Discounting
  • Equity Participation
  • Finance Lease
  • Lines of Credit
  • Paying Agent Services
  • Progress Payment Funding
  • Other

Scope of Geographic Activity

  • National
  • Paying Agent Service also offered in Canada

Transaction Preferences

Equipment Categories

  • Computer Related
  • Energy Related
  • Materials Handling
  • Medical/Dental
  • Office Equipment
  • Software/Hardware
  • Telecommunications

Credit Quality

  • Investment Grade or Equivalent
  • Near Investment Grade
  • B Quality

Special Services

  • Equity Investor
  • Residual Sharing
  • Paying Agent Online Payment Processing Service

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