COLUMBUS, Ohio, June 25, 2018 /PRNewswire/ -- Huntington issued
the following statement after The Small Business 7(a) Lending
Oversight Reform Act of 2018 (H.R. 4743) was signed into law by the
President, promoting and protecting small businesses with the most
significant modernization of the Small Business Administration
(SBA) statute in more than two decades.
"We understand the value of small business and appreciate how
business owners create jobs and opportunities for all in our
communities. We commend the passage of this legislation that will
protect the long-term strength of the SBA mission and promote the
reach of the programs that benefit business formation and growth
throughout the country," said Steve
Steinour, chairman, president and chief executive officer of
Huntington. "Small businesses play a foundational role in driving
economic growth and the vitality of our communities. We are
proud to partner with the Small Business Administration as the
number one 7(a) SBA lender in our Midwest footprint since
2008. The 7(a) program is an important tool to support small
business growth and entrepreneurship."
Huntington appreciates the leadership of the House Committee on
Small Business Chairman Steve Chabot
(OH) and Ranking Member Nydia Velazquez (NY), Senate Small Business
Chairman Jim Risch (ID) and Senator
Jeanne Shaheen in updating this
statute.
"This legislation will insure the availability of capital to
support the small businesses that power community development and
economic opportunity in our markets and across the nation," said
Maggie Ference, senior vice
president and SBA director.
About Huntington: Huntington Bancshares Incorporated
(NASDAQ: HBAN) is a regional bank holding company
headquartered in Columbus, Ohio,
with $104 billion of assets and a
network of 966 branches and 1,848 ATMs across eight Midwestern
states. Founded in 1866, The Huntington National Bank and its
affiliates provide consumer, small business, commercial, treasury
management, wealth management, brokerage, trust, and insurance
services. Huntington also provides auto dealer, equipment finance,
national settlement and capital market services that extend beyond
its core states. Visit www.huntington.com for more information.
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SOURCE Huntington Bancshares Incorporated