SBA Lending

Fuel your business ambitions

Huntington brings expertise to SBA lending, helping entrepreneurs open, grow or transform their businesses. As the #1 SBA lender in the region for the last 16 years and #1 in the nation for the last seven years1, our SBA-guaranteed loans are designed to kickstart opportunities. Explore our programs and take the next step today.

Contact an SBA specialist

SBA Loan Benefits

Be well-suited for your next step

From startup financing, to expansion or acquisition, loans from the Small Business Administration can be a smart way to approach your aspirations. These government-backed loans offer advantageous benefits over conventional business lending:

  • Longer terms to increase cash flow
  • No balloon payments
  • Down payments as low as 10%
  • No loan covenants or monitoring requirements
  • Maximum loan amounts of $5 million

Huntington SBA loan programs

    Why choose Huntington for SBA lending?

    As an SBA Preferred Lender, Huntington can simplify your financing process with fast decisions on most SBA loans. Our team of specialists works closely with you through the process with expertise tailored to your business needs. For construction projects, we even provide a dedicated draw team to ensure everything aligns smoothly.

    Growing Opportunity

    Lift Local Business®

    We crafted this program to create more opportunities for women-, veteran- and racially and ethnically diverse-owned business, because we believe that more opportunity generates more possibilities in every community.

    Learn More

    How do I apply for an SBA loan?

    Applying for an SBA loan with Huntington is simple. Fill out our form to connect with an SBA specialist who will guide you through the process, answer your questions, and keep things moving smoothly. Whether you’re nearby or far away, our team delivers the same exceptional service every time, making every conversation feel personal and helpful.

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    SBA Lending FAQs

    It's a loan for small businesses backed by the Small Business Administration (SBA), a government agency that provides support to small businesses. You apply for the loan through a private lender, like Huntington, but the SBA provides a loan guarantee, allowing for more flexible loan features compared to conventional business loans.

    Depending on your business, Huntington’s specific loan requirements may differ, so we encourage you to request a callback with one of our SBA specialists or call us at (800) 480-2001 to learn more. 

    That said, the SBA has basic eligibility requirements you must meet to qualify for a 7(a) or 504 loan. For a 7(a) loan, businesses must:

    • Operate for profit
    • Be engaged in, or propose to do business in, the United States or its territories
    • Have reasonable owner equity to invest
    • Have 100% beneficial ownership by U.S. citizens, U.S. Nationals, or Legal Permanent Residents
    • Meet the SBA definition of a 'small business'

    For a 504 loan, businesses must:

    • Operate as a for-profit company in the United States or its possessions
    • Have a tangible net worth of less than $15 million
    • Have an average net income of less than $5 million after federal income taxes for the two years preceding your application

    To apply for an SBA loan, you'll likely need the following documents:

    • SBA borrower's information form (Form 1919)
    • Business tax returns
    • Business certificate or license
    • Business lease
    • Personal financial statement
    • Personal income tax returns

    While it is smart to prepare yourself for the documents you may need, we recommend meeting with a Huntington SBA specialist so we can work with you to understand the necessary documents for your specific business and SBA loan type. Fill out the form above to get in touch with an SBA specialist or call us at (800) 480-2001 today.

    Disclosures

    1 SBA loans subject to SBA eligibility. Huntington is #1 in the nation in number of SBA 7(a) loans from October 1, 2017 to September 30, 2024. Huntington was the #1 SBA 7(a) lender in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, and Western Pennsylvania from October 1, 2008 to September 30, 2021 and the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, Pennsylvania, Minnesota, Colorado and Wisconsin from October 1, 2021 to September 30, 2024. Source: U.S. Small Business Administration (SBA).

    Loans subject to credit application and approval.