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.
About Huntington
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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6856078&lang=en
