Press release
Huntington Bank Takes Top Spot Nationally For SBA 7(a) Loan Origination By Volume For Fourth Consecutive Year
13th consecutive year Huntington has led SBA 7(a) loan originations within its footprint COLUMBUS, Ohio, Oct. 8, 2021 /PRNewswire/ -- Huntington National Bank
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"13th consecutive year Huntington has led SBA 7(a) loan originations within its footprint\n\n\nCOLUMBUS, Ohio, Oct. 8, 2021 /PRNewswire/ -- Huntington National Bank (Nasdaq: HBAN; www.huntington.com) is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the fourth consecutive year at the close of SBA fiscal year 2021, further strengthening its position as the leader in supporting small businesses. This also marks the 13th year in a row Huntington has been the largest originator, by volume, of SBA 7(a) loans within its footprint.\n\n \n \n \n \n \n \n\n \nThe number of businesses Huntington helped through SBA lending in each footprint state through the 2021 fiscal year1 includes:\nHuntington Footprint States\nLoan Volume (Total)\nLoan Amount (Total)\nHuntington\nTop Competitor Total (other than HBAN)\nHuntington\nTop Competitor Total (other than HBAN)\nOHIO\n1,998\n124\n$366,344,300\n$69,216,000\nMICHIGAN\n1,118\n98\n$230,767,600\n$88,310,900\nILLINOIS\n355\n113\n$77,292,300\n$128,788,000\nINDIANA\n292\n93\n$68,666,400\n$46,413,500\nWESTERN PENNSYLVANIA\n186\n44\n$37,005,700\n$50,926,400\nFLORIDA\n90\n364\n$39,020,800\n$165,776,500\nKENTUCKY\n72\n77\n$21,133,900\n$25,422,800\nWEST VIRGINIA\n73\n31\n$17,728,600\n$11,167,000\nWISCONSIN\n30\n75\n$9,969,600\n$57,581,000\nThis announcement follows Huntington's efforts throughout the pandemic to support its customers. It processed more than 47,000 Paycheck Protection Program loans across its footprint this year, for a total of 85,000 since 2020. These loans provided support to businesses during an extremely difficult time and further demonstrated the bank's commitment to looking out for people. \n\"We believe that when small businesses succeed, so do individuals and communities,\" explained Steve Rhodes, Huntington's Business Banking Director. \"That's why we are so dedicated to helping small businesses achieve their goals. In another challenging year for businesses, we are pleased to have provided our trusted experience and assistance to so many customers who depend on us.\" \n\"The pandemic continues to show the value of the Small Business Administration and how a wide range of businesses can benefit from SBA loans,\" said Huntington's SBA Program Director, Maggie Ference. \"We are especially proud this year to have supported our small bu...