Published:
Huntington Bank Ranks as No. 1 SBA 7(a) Lender in Ohio, Indiana, Kentucky and West Virginia
COLUMBUS, Ohio, Nov. 20 /PRNewswire-FirstCall/ -- The Huntington National
Bank announced it is the No. 1 Small Business Administration (SBA) 7(a) lender
for 2008 (Oct. 1, 2007 - Sept. 30, 2008) inOhio,Indiana,Kentucky andWest
Virginia. The bank also improved its national standing as an SBA small
business lender, moving up in rank for both total loan amounts and number of
loans provided to businesses with annual revenues under $10 million.
"Small businesses play a key role in the success of our communities and
our overall economy.Huntington's SBA lending record further demonstrates that
we are committed to helping business owners identify solutions so they can
achieve their goals," said Craig Street, national director of SBA Lending for
Huntington.
Huntington ranked first in both loan dollar volume and number of loans
among all SBA lenders inOhio with 791 loans for a total of $73.7 million. In
Indiana andKentucky,Huntington ranked first in loan dollar volume with a
total of $23.6 and $6.6 million, respectively.Huntington also ranked No. 1
for the number of SBA loans in the state ofWest Virginia with a total of 44
loans.
Huntington moved up from its 2007 ranking to now become 11th in the nation
for number of SBA loans and 15th in the nation for total 7(a) loans, the most
common type of loan used by small businesses.
Huntington's SBA enhanced loans can be used by small business owners for
real estate, business acquisition or expansion, start-up costs, equipment
purchases, working capital and more. The Huntington National Bank is an SBA
preferred lender. For more information aboutHuntington's SBA-guaranteed loan
program, visit www.huntington.com.
AboutHuntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $55 billion
regional bank holding company headquartered inColumbus, Ohio.Huntington has
more than 142 years of serving the financial needs of its customers.
Huntington's banking subsidiary, The Huntington National Bank, provides
innovative retail and commercial financial products and services through over
600 regional banking offices inIndiana,Kentucky,Michigan,Ohio,
Pennsylvania, andWest Virginia.Huntington also offers retail and commercial
financial services online at huntington.com; through its technologically
advanced, 24-hour telephone bank; and through its network of over 1,400 ATMs.
Selected financial service activities are also conducted in other states
including: Dealer Sales offices inArizona,Florida,Georgia,Nevada,New
Jersey,New York,North Carolina,South Carolina, andTennessee; Private
Financial and Capital Markets Group offices inFlorida; and Mortgage Banking
offices inMaryland andNew Jersey. Sky Insurance offers retail and commercial
insurance agency services, through offices inOhio,Pennsylvania,Michigan,
Indiana, andWest Virginia. International banking services are available
through the headquarters office inColumbus, a limited purpose office located
in both theCayman Islands and another locatedHong Kong.
SOURCE Huntington Bancshares Incorporated
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,FIN,SBS,SVY,OH-Huntington-SBA-7a
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