Huntington Bank is Nation's Top SBA 7(a) Lender by Volume for Seventh Consecutive Year
Achieving a record year,
"This recognition reflects the trust our valued customers have in
"Huntington's small business offerings are a true differentiator for the bank. Our unique approach to serving customers extends well beyond access to capital. We care for them throughout their entire business growth lifecycle, providing advice and guidance to ensure these businesses have the resources and support they need to thrive," said
The number of small businesses Huntington supported through SBA lending across its retail footprint and nationally through the 2024 fiscal year (
|
Loan Volume (Total) |
Loan Amount (Total) |
||
Huntington Footprint |
Huntington |
Top Competitor |
Huntington |
Top Competitor Total |
|
2,283 |
153 |
|
|
|
1,385 |
85 |
|
|
|
655 |
166 |
|
|
|
331 |
68 |
|
|
|
368 |
297 |
|
|
|
63 |
53 |
|
|
|
100 |
14 |
|
|
|
69 |
117 |
|
|
|
186 |
230 |
|
|
|
277 |
149 |
|
|
|
239 |
757 |
|
|
|
367 |
340 |
|
|
|
83 |
113 |
|
|
|
50 |
155 |
|
|
All Other States |
1,121 |
|
||
Huntington National Total |
7,577 |
|
||
|
||||
Source: |
Huntington understands the unique needs of small businesses. As a complement to access to capital through its suite of small business loan services, the bank offers a comprehensive suite of deposit accounts, merchant services, credit card offerings, treasury management, insurance and financial education services that cater to the specific needs of small businesses. Huntington also helps bridge the gap for historically underserved populations through its Lift Local Business program, which was designed to support minority-, woman-, and veteran-owned small businesses throughout the business life cycle, from start-up to expansion.
Since launching in 2020, the Lift Local Business program has provided
For more information about Huntington's SBA program and small business loan services, visit https://www.huntington.com/SmallBusiness/loans/sba-guarantee-business-loans. SBA loans subject to SBA eligibility.
About Huntington
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