This Day On The Street
Continue to site
ADVERTISEMENT
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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs