SBA Lending
Bring your business to life with an SBA loan.
At Huntington, we’ve been the #1 SBA lender in the region for the last 16 years and #1 in the nation for the last 7 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 lending 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 SpecialistSBA Loan Benefits
From business acquisition to start-up financing, to ground-up construction, and every stage in between, SBA financing can be a smart way to finance a range of business endeavors.
Backed by the Small Business Administration (SBA), a government agency that provides support to entrepreneurs and small businesses, this type of lending offers advantageous benefits compared to conventional business loans.
With SBA-backed financing 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 lending 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.
Why choose Huntington for SBA lending?
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 dedicated construction draw team that works closely with you to ensure that your loan draws and requirements remain aligned with your project.
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 program 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 lending 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.
Business Insights
SBA Lending FAQs
Answer: 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.
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
- Have 100% beneficial ownership by U.S. citizens, U.S. Nationals, or Legal Permanent Residents
- Meet the SBA definition of a 'small business'
- 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 (Form 1919)
- Business tax returns
- Business certificate or license
- Business lease
- 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, 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.
Lift Local Business is a federally registered service mark of Huntington Bancshares Incorporated.