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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
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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