Huntington Continues to Deliver on Commitment to Small Businesses, Holds No. 3 National SBA Ranking
Huntington maintains national standing and top rank in Midwest states
COLUMBUS, Ohio--(BUSINESS WIRE)-- The Small Business Administration (SBA) has once again recognized Huntington Bank (NASDAQ: HBAN; www.huntington.com) as the No. 3 lender in the nation for the number of loans provided to small businesses. In addition to its high national ranking, Huntington also maintained its standing as the No. 1 SBA lender in four of the six states in which it operates.
Carol and Dave Willet, owners of All Bending and Tubular Products. (Photo: Business Wire)
“We know small businesses are the engine for economic growth, whether it's through a new start-up business or expansion of an existing business,” said Steve Rhodes, Huntington’s director of business banking. “Huntington is honored to support our small business customers who are on the front lines of our nation’s economic recovery.”
All Bending and Tubular Products, a west Michigan business that specializes in bending and metal fabrication, opened in September of 2010 with the help of an SBA 7(a) loan from Huntington. The business used the loan to purchase raw materials and support employee payroll and vendor bills.
“A friend of ours referred us to Huntington and a banker met with us the following day,” said Carol Willet, co-owner of All Bending and Tubular Products. “If it wasn’t for Huntington, we wouldn’t be where we are today. Issues are resolved quickly and easily and we’re already looking into an expansion.”
In addition to the loan, Willet said the personal attention and great customer service she and her husband received from Huntington are the reasons they are able to expand so quickly.
“The Huntington employees are knowledgeable, extremely personable and easy to work with,” Willet said.
Huntington is committed to helping small businesses meet their varied and evolving financial needs. In 2010, Huntington lent $1.1 billion to small businesses, meeting the bank’s plan to lend $4 billion to small businesses in the Midwest over a three-year period, with a stepped increase in small business lending through 2012 and beyond.
Huntington is the top SBA lender in Ohio, Michigan, Indiana and West Virginia in number of loans and total loan amount. It also is the top SBA lender in volume and second in loan amount in Western Pennsylvania, and ranked second in SBA volume and sixth in loan amount in Kentucky.
For more information about Huntington and its small business lending programs, visit https://www.huntington.com or call 1-800-480-2001.
Huntington Bancshares Incorporated is a $53 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial product and services. The principal markets for these services are Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of over 600 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and over 1,300 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
*Huntington is the #1 SBA 7(a) lender in the region made up of Indiana, Kentucky, Ohio, Michigan, West Virginia and Western PA, Source: U.S. Small Business Administration first ten months of fiscal year, ending July 31, 2011.
Member FDIC. The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.
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Matthew Samson, 614-480-3763
Source: Huntington Bancshares Incorporated
Released September 12, 2011