Bring your business to life with an SBA loan.
At Huntington, we’ve been the #1 SBA lender in the region for the last 14 years and #1 in the nation for the last 5 years.† We take that recognition to heart. We have a proven track record of helping business owners get the capital they need to open, acquire, or expand a small business through our SBA loan programs.
No matter where you’re at in the United States, we can help secure an SBA-guaranteed loan that can help jumpstart your business. Learn more about our SBA programs and contact us today.Contact an SBA Specialist
SBA Loans and Benefits
From business acquisition to start-up financing, to ground-up construction, and every stage in between, an SBA loan can be a smart way to finance a range of business endeavors.
SBA loans are backed by the Small Business Administration (SBA), a government agency that provides support to entrepreneurs and small businesses, which means that SBA loans offer advantageous benefits compared to conventional business loans.
With an SBA loan from Huntington, you could receive:
- 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
We have a variety of SBA loan programs available to help you receive the right loan for your business plans. Our SBA specialists are ready to accommodate your needs, whether it’s financing start-up costs, real estate purchases, funding working capital, and more.
This is our most popular loan program, perfect for borrowers ready to open, acquire, or expand a small business, finance new working equipment, working capital, or refinance existing debt.
SBA 7(a) Loans have a maximum loan amount of $5 million.
SBA Express Loans
SBA Express Loans are for smaller loan amounts and use an expedited review process to access funds quicker.
504 loans use long-term fixed-rate financing to fund the equipment needed to expand or modernize a small business.
Why choose Huntington for your SBA loans?
Huntington is proud to be an SBA Preferred Lender. This means that on behalf of the SBA, we have the authority to make final decisions on most SBA loans, helping to make sure you get to financing you need, easily and efficiently.
We are passionate about the success of your business, and we work tirelessly to bring our industry knowledge, business resources, and small-town culture to you, nationwide. Our dedicated team of SBA specialists, underwriting, and closing teams are here for you throughout the lending process.
And, our support doesn’t stop there. We take our SBA team to the next level with a specialized construction team that closely monitors your project and requirements to help keep you on track.
Lift Local Business®
A new program designed to create more opportunities for woman-, veteran-, and racially and ethnically diverse-owned businesses in the hopes that more opportunity generates more possibilities in the community.
How do I apply for an SBA loan?
If you’re ready to apply for an SBA loan from Huntington, please fill out the form to request a call from an SBA specialist, and we’ll get back to you as soon as possible. Our specialists are more than happy to learn more about your business plan, educate you on the specifics of our SBA loan programs, and let you know what’s needed for your application.
We service businesses across the United States, so if you’re located within Huntington’s footprint or live miles outside of it, rest-assured you’ll receive the same outstanding service either way. We strive to make each conversation feel like a visit to your local bank – welcoming, inclusive, and helpful.
SBA Loan FAQs
Answer: An SBA loan is a loan for small businesses backed by the Small Business Administration (SBA), a government agency that provides support to small businesses. You apply for an SBA 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.
Answer: 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
- Use alternative financial resources, including personal assets, before seeking financial assistance
- 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
Answer: To apply for an SBA loan, you'll likely need the following documents:
- SBA borrower’s information form
- Business tax returns
- Business certificate or license
- Business lease
- Statement of personal history
- Personal financial statement
- Personal income tax returns
†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, 2022. 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, 2022. Source: U.S. Small Business Administration (SBA).
Loans subject to credit application and approval.
Lift Local Business is a federally registered service mark of Huntington Bancshares Incorporated.