12th consecutive year Huntington has led SBA 7(a) loan originations within its footprint
COLUMBUS, Ohio, Oct. 8, 2020 /PRNewswire/ — Huntington (Nasdaq: HBAN; www.huntington.com) is the nation’s largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the third consecutive year at the close of SBA fiscal year 2020, further strengthening its position as the leader in supporting small businesses. This also marks the 12th year in a row Huntington has been the largest originator, by volume, of SBA 7(a) loans within its footprint.
This announcement follows Huntington’s recent efforts in supporting its customers by processing more than 38,000 Paycheck Protection Program loans across its footprint in 2020. These loans provided support to businesses during an extremely difficult time and further demonstrated the bank’s commitment to looking out for people.
“We believe small businesses are the lifeblood of our communities,” explained Steve Rhodes, Huntington’s Business Banking Director. “For more than a decade, we’ve been building and deepening our expertise helping small businesses navigate through every stage of owning a business, and this year, our customers depended on us more than ever before. We’re pleased to have earned the top spot again, but more importantly, to have assisted small businesses when they needed it most.”
“The pandemic helped shine a light on the importance of the Small Business Administration, and SBA loans will continue to be a great source of capital for a wide range of businesses going forward,” said Huntington’s SBA Program Director, Maggie Ference. “This is a year many will never forget, and we are so proud to have leveraged our expertise in supporting our small business customers by providing the right solution for customers at every stage.”
Last month, Huntington announced 24-Hour Grace® for Business and a no overdraft fee $50