Huntington Bank ranks # 1 nationwide in SBA 7 (a) loan origination by volume for third consecutive year
This announcement follows Huntington’s recent efforts to support its clients by processing more than 38,000 Paycheck Protection Program loans across its footprint in 2020. These loans have supported businesses for an extremely long time. difficile and further demonstrated the bank’s commitment to finding people.
“We believe that small businesses are the lifeblood of our communities,” explained Steve rhodes, director of corporate banking services for Huntington. “For more than a decade, we’ve been developing and deepening our expertise in helping small businesses through every step of owning a business, and this year our clients have depended on us more than ever. We’re glad we got the # 1 spot again, but more importantly, we helped small businesses when they needed it most. ”
“The pandemic has helped highlight the importance of the Small Business Administration, and SBA loans will continue to be an excellent source of capital for a wide range of businesses in the future,” said the program director. Huntington SBA, Maggie Ference. “It’s a year many will never forget, and we’re very proud to have leveraged our expertise to support our small business clients by providing them with the right solution every step of the way. ”
Last month, Huntington announced 24 hour grace® for business and no overdraft fees $ 50 Security zoneSM to further assist clients in managing their long-term financial health. These new features allow customers to avoid paying overdraft fees.
Huntington continues to invest in its communities to support economic inclusion and help make our customers and communities more financially secure in the future. At September 1st, the bank announced its news, five years, $ 20 billion Community plan focused on economic opportunities for people, small businesses and communities across its seven states. This includes a $ 7.6 billion commit to helping businesses through business planning and education programs to provide business owners with the relief, recovery and growth they seek as the cornerstones of the U.S. economy .
The SBA 7 (a) loan program provides government support, enabling small business lenders to extend credit to business owners who are not yet able to access conventional bank financing. For more information visit www.huntington.com/SmallBusiness/loans/sba-guarantee-business-loans.
Huntington Bancshares Incorporated is a regional banking holding company headquartered in Columbus, Ohio, with 118 billion dollars assets and a network of 839 full-service branches, including 12 Private Client Group offices and 1,344 ATMs in seven Midwestern states. Founded in 1866, National Huntington Bank and its affiliates provide services to individuals, small businesses, businesses, cash management, wealth management, brokerage, trusts and insurance. Huntington also provides vehicle finance, equipment finance, national settlement and capital market services that extend beyond its major states. Visit huntington.com for more information.
SOURCE Huntington Bancshares Incorporated