CLEVELAND, Oct. 8, 2020 /PRNewswire/ -- KeyBank's support
for small business reaches a new high, moving into the top ten in
the Small Business Administration's (SBA) rankings. KeyBank now
ranks 7th nationally among suppliers of 7(a) loans for
the SBA's FY 2020. KeyBank secured $316
million in approved 7(a) dollars over the course of the
year. This is funding outside of KeyBank's efforts through the
Paycheck Protection Program, where KeyBank helped more than 43,000
small businesses acquire more than $8.1
billion in critical funding. Since 2015, KeyBank has
provided more than $1.6 billion in
SBA-guaranteed financing to thousands of small business owners.
"This has been a trying year for small businesses, which are the
economic heartbeat of so many of our communities. Supporting them
through our strong relationships has been our mission, and we are
committed to providing them access to capital through the SBA loan
programs to sustain and scale their businesses," said Jim Fliss, KeyBank National SBA Manager.
KeyBank received a number one ranking in SBA loan volume in the
SBA district of Indiana. KeyBank
ranked second in Seattle,
Maine, and Alaska and third in Cleveland, Buffalo, Portland, and Boise.
"I am pleased to see that we are seeing lending growth in a time
when the overall SBA industry is experiencing a downturn. Our
perennial ranking amongst the industry's top lenders continues to
validate our unwavering support to help small businesses. This year
has been unique in many ways, but I am impressed with the
extraordinary effort across our organization to come together
united in the goal of meeting our clients' needs in uncertain
times," said Fliss. "I know with certainty our efforts made a
difference to these businesses, their employees and the communities
they operate in," Fliss continued.
KeyBank's SBA team continued to grow its presence in 2020 with
the addition of several new team members across the bank's
nationwide footprint.
"We remain optimistic looking into the future and continue to
make investments in our team to ensure we can support our clients
every step of the way during the pandemic economic recovery and
beyond," said Jim 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 (NYSE: KEY) 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 $171.2 billion at June 30,
2020. 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
more than 1,000 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/. KeyBank is Member FDIC. ©2020. KeyCorp. CFMA
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SOURCE KeyCorp