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The Huntington National Bank: Empowering Small Businesses with SBA 7(a) Loans

Huntington National Bank: Fueling Small Business Success Across America

October 6, 2023, 6:08 pmupdated March 12, 2024, 9:10 pm 1.7k Views

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Huntington National Bank SBA 7(a) Lender

The Huntington National Bank: Empowering Small Businesses with SBA 7(a) Loans

Huntington National Bank SBA 7(a) Lender sets a new record in supporting small businesses and fueling economic growth.

NewsBurrow News Network – Reporting by Ava Roberts

Huntington National Bank's Remarkable Impact: Fuelling Small Businesses and Communities

In the heart of Columbus, Ohio, a financial institution is making waves that reverberate far beyond its 11-state footprint. The Huntington National Bank, a stalwart in the world of finance, has emerged as the nation's largest originator of Small Business Administration (SBA) 7(a) loans for an unprecedented sixth year in a row. But what lies beneath these impressive numbers is a testament to the bank's unwavering commitment to the growth and prosperity of small businesses and the communities they serve.

Setting Records and Changing Lives

The figures are staggering. Huntington National Bank has injected over $1.3 billion into the economy, benefiting more than 7,300 small businesses. This is no small feat and demonstrates their dedication to the principle that small businesses are the lifeblood of our nation's economy.

President of Consumer and Regional Banking, Brant Standridge, eloquently sums up their philosophy, “At Huntington, we believe small business is big business, and we're immensely proud of the number of small businesses we've been able to help.”

A Formula for Success

While the numbers are impressive, it's important to delve deeper into what has made Huntington National Bank's SBA 7(a) lending program so successful. The bank's commitment to its customers sets it apart, and it's not just about providing loans. Huntington takes pride in offering full-service capabilities, equipping small business owners with the knowledge and resources they need for both the present and the future.

But what truly distinguishes them is their strategic approach to growth. The 2022 expansion of Huntington's SBA 7(a) lending program throughout the U.S. was no accident. It was a deliberate move to foster economic development, recognizing the profound impact small businesses have on communities and local economies.

Maggie Ference, Huntington's SBA Director, explains, “We've purposefully taken the opportunity to grow our SBA program within our footprint and nationwide. We understand the tremendous impact small businesses have on communities and local economies, and we recognize the importance of our role in supporting these business owners.”

Supporting Local Economies

One of the most remarkable aspects of Huntington National Bank's approach is its commitment to investing in the communities it serves. Through its Lift Local Business program, they're not just providing loans; they're offering vital support to woman-owned, minority-owned, and veteran-owned businesses.

The program offers a lifeline to small business owners by providing loans, business planning support, and even free financial courses through Operation HOPE. It's a holistic approach that assists entrepreneurs at every stage of their journey, from startup to expansion.

Since its inception in 2020, the Lift Local Business program has injected $77 million into more than 1,100 small businesses, making it clear that their commitment to strengthening small businesses is not just lip service.

A Vision for the Future

Huntington National Bank's dedication goes beyond immediate gains. Their $40 billion Strategic Community Plan includes a substantial focus on lending to minority-owned businesses and those operating in largely minority communities. This visionary approach ensures that the bank's impact will be felt for years to come, contributing to a more equitable and prosperous society.

The numbers and records are impressive, but it's the unwavering commitment to the growth and prosperity of small businesses and communities that truly defines Huntington National Bank. They're not just writing loans; they're penning success stories, one small business at a time.

In a world where economic progress is often measured in numbers, it's refreshing to see an institution that understands that the heart of the economy beats strongest in its small businesses.

Join the conversation by sharing your thoughts on how small businesses impact our communities and economy. Comment below and let your voice be heard.

The Huntington National Bank: Empowering Small Businesses with SBA 7(a) Loans

Discover a world of opportunity with small business loans

As you've learned about Huntington National Bank's remarkable achievements in supporting small businesses, you're undoubtedly inspired by the positive impact it's had on communities and local economies. Huntington's commitment to empowering small business owners aligns perfectly with our dedication to helping entrepreneurs thrive.

Now, it's your chance to be part of this journey to success. Explore our carefully curated selection of small business loans and related products below. These resources are designed to provide you with the financial support and guidance you need to take your business to the next level. With a variety of options tailored to your unique needs, you can access the funds and knowledge necessary to grow and prosper.

So, don't miss out on the opportunity to boost your business and contribute to your community's growth. Dive into our selection, and take the first step toward achieving your entrepreneurial dreams. Your success story begins here.