This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Huntington Bank Is No. 1 SBA Lender In The Country For Number Of 7(a) Loans At Mid-Year

Huntington Bank has climbed to the top spot in the country with the highest number of Small Business Administration (SBA) 7(a) loans for the first half of the SBA’s fiscal year ending March 31, the bank announced today. The ranking is particularly noteworthy because the bank is 33rd in the country in terms of assets and only makes SBA loans within its six-state footprint.

The mid-year ranking means Huntington has moved up from its position as the third-largest SBA lender in the nation by number of 7(a) loans, which it has held for several years. Additionally, Huntington has made more than half of the SBA 7(a) loans in its footprint for the first six months of the fiscal year. During the time period, from Oct. 1, 2013-March 31, 2014, Huntington made 1,804 loans while the remainder of the industry made 1,758 loans in Huntington’s service area.

“Small businesses are the foundation of our Main Street economies throughout the United States,” said Steve Steinour, chairman, president and CEO of Huntington Bank. “These businesses generate two-thirds of all of new jobs and help keep our neighborhoods healthy. Huntington is committed to supporting small business growth as a key way to strengthen our communities as they continue through the economic recovery.”

Huntington’s combined mid-year No. 1 ranking for number of 7(a) loans and dollar volume among the states it serves includes:

           

Ohio:

      1,050 loans totaling $118,900,300

Michigan:

472 loans totaling $66,091,700

Indiana:

116 loans totaling $23,695,500

Western Pa.:

90 loans totaling $10,632,400

West Va.:

37 loans, totaling $7,635,400
 

Additionally, Huntington made more SBA 7(a) loans in Ohio, Michigan and West Virginia than all of its competitors combined during the first half of the current SBA fiscal year.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs