COLUMBUS, Ohio, Oct. 3, 2019 /PRNewswire/ -- For the second year
in a row, Huntington Bank (Nasdaq: HBAN) is the nation's
largest originator by volume of Small Business Administration (SBA)
7(a) loans based on figures at the close of SBA fiscal year 2019.
This also marks the 11th consecutive year Huntington has been the
largest originator by volume of SBA 7(a) loans within its
footprint.
Huntington's historical leadership in SBA lending has helped
thousands of small-business owners and entrepreneurs turn their
dreams into reality. It's also created countless employment
opportunities for people in communities across the U.S.
"When small businesses succeed, so do people and communities,"
said Huntington Business Banking Director Michael Wamsganz. "Small business is the
backbone of our economy, generating two of every three new jobs in
our nation each year. That's why we're so passionate about helping
small businesses achieve their goals, whether it's expanding their
business, finding ways to protect it or transitioning to new
ownership."
"Huntington's dedication to the business community is a result
of our strong partnership with the SBA and our shared focus on
providing access to capital from $5,000 to $5
million through all life cycles of small business lending,"
added Maggie Ference, Huntington's
SBA program director. "As we partner with small businesses more
than any other bank, our priority is to help them grow, provide
jobs to more people and make their communities even stronger."
The SBA 7(a) lending program provides government backing,
enabling small business lenders to extend credit to business owners
who are not yet able to access conventional bank financing with
reduced lender risk. For more information, visit
www.huntington.com/SmallBusiness/loans/sba-guarantee-business-loans.
About Huntington
Huntington Bancshares Incorporated
is a regional bank holding company headquartered in Columbus, Ohio, with $108 billion of assets and a network of 868
full-service branches, including 12 Private Client Group offices,
and 1,687 ATMs across seven 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
vehicle finance, equipment finance, national settlement, and
capital market services that extend beyond its core states. Visit
huntington.com for more information.
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SOURCE Huntington Bancshares Incorporated