CLEVELAND, Oct. 10, 2019 /PRNewswire/ -- KeyBank (NYSE: KEY)
continues its unwavering support of small businesses across the
nation, ranking 11th nationally for the Small Business
Administration's (SBA) FY 2019. KeyBank extended $311 million in approved 7(a) dollars over the
course of the year. Since 2015, KeyBank has provided more than
$1.3 billion in SBA-guaranteed
financing to thousands of individual small businesses.
"While our recent results and longstanding commitment to small
businesses is clearly validated through our national rankings, this
only tells part of the story. Our mission is to develop strong
relationships with business owners in our communities and help them
achieve their dreams. Every day, we strive to offer unparalleled
ease, value, and expertise to our clients by taking a comprehensive
approach to their overall financial wellness," said Jim Fliss, KeyBank National SBA Manager.
KeyBank earned a number one ranking in SBA loan volume, ahead of
all other lenders, in the SBA district of Portland. KeyBank ranked second in
Buffalo, Cleveland, Seattle, Indiana, and Maine; and third in Connecticut and Vermont.
"These small businesses are the central component to the
economic growth engine for both the local and national economies. I
am proud of our past commitments and pleased to say that we are
going to continue to help drive this economic development by
providing specialized solutions and the access to capital these
businesses need for expansion and job growth," continued Fliss.
To meet the evolving needs of clients, KeyBank further invested
this year in a team dedicated to meeting the unique needs of
franchisees. KeyBank was recently named to Entrepreneur Magazine's
list of Top Franchise Suppliers, placing the regional bank among
only twelve banking and financial institutions to receive this
recognition. "Placing a greater emphasis on the franchising
industry has accelerated growth and helped more clients thrive,"
said Fliss.
For more on KeyBank SBA 7(a) loan information:
https://www.key.com/small-business/banking/loans-lines/sba-loans.jsp
About KeyCorp
KeyCorp's roots trace back 190 years to
Albany, New York. Headquartered in
Cleveland, Ohio, Key is one of the
nation's largest bank-based financial services companies, with
assets of approximately $144.5
billion at June 30, 2019.Key
provides deposit, lending, cash management, and investment services
to individuals and businesses in 15 states under the name KeyBank
National Association through a network of over 1,100 branches and
more than 1,400 ATMs. Key also provides a broad range of
sophisticated corporate and investment banking products, such as
merger and acquisition advice, public and private debt and equity,
syndications and derivatives to middle market companies in selected
industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. All credit products
are subject to credit approval. KeyBank is Member FDIC. © 2019.
KeyCorp. CFMA # 191007-673778
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SOURCE KeyCorp