Commercial Banking Resources and
Support for COVID-19


Last updated: 9/21/2020

At Huntington, we understand the critical role business plays in the vitality of our communities and economy. Please take a moment to review the Relief Programs. For any questions you may have please reach out to your Relationship Manager, they are available by phone or appointment.

Note to Agents:
Huntington is not working with third-party agents on Paycheck Protection Program (PPP) loans, either at origination or in connection with forgiveness applications. We will work directly with the borrower including when they apply for forgiveness of any PPP loan extended to them. Huntington will not pay fees to any firm claiming to be a borrower’s agent in connection with either of those processes.

Relief Programs 

Paycheck Protection Program (PPP)

We’re pleased to announce that we are now accepting forgiveness applications for Paycheck Protection Program (PPP) loans in excess of $150,000. We recommend that you review the forgiveness application forms on the Treasury site to ensure you have the documents and information you need to complete the application in our online portal.

We believe that Congress will act to create a simplified process for (or even automatic) forgiveness for loans $150,000 or less so we are not extending access to the online portal to those borrowers yet. We believe that it would be counterproductive to have those borrowers use the existing process. Borrowers with loans of $150,000 or less should receive an email with a more detailed explanation of our reasons for this.

We recommend that you review the PPP Loan Forgiveness FAQs. With PPP guidance continually evolving, we recommend monitoring the SBA and Treasury websites for updates. In addition, as we learn of changes to the program, we will update this page.

You are encouraged to consult with your professional advisors for a comprehensive review of the PPP rules and guidance.

Main Street Lending Program (as of June 29, 2020)

The Federal Reserve and the Department of the Treasury, under the CARES Act, have established the Main Street Lending Program, whereby the Main Street SPV will purchase 95% participations in qualifying loans to eligible borrowers.

The purpose of the program is to provide credit support to small and medium-sized businesses and their employees across the United States to assist companies that were in sound financial condition prior to the onset of the COVID-19 pandemic maintain their operations and payroll until economic conditions normalize.

Please refer to the Main Street Lending Program materials published by the Federal Reserve Bank of Boston for full program details. Program details are subject to change.

Loans are subject to credit approval, program eligibility and program requirements.

View Details


SBA Traditional 7(a)

  • Purpose: New money for recovery, purposes unrelated to COVID-19
  • Use of Funds: Refinance of current debts, purchase and refinance of real estate, new money for purchases of equipment or software, working capital, business acquisitions, business improvements, support for startups that don’t qualify for disaster assistance
  • Amount: Up to $5MM
  • Rate: SBA market rates
  • Structure: Up to 25 years
  • Forgiveness: None
  • Features: Guarantor support and any available collateral required

Economic Injury Disaster Loans (EIDL)

  • Purpose: To supplement lost revenue on account of COVID-19
  • Eligibility: Expanded under CARES Act to include businesses with not more than 500 employees. Other small businesses and nonprofits may be eligible.
  • Use of Funds: Payroll expenses, fixed debts, accounts payable, other expenses
  • Amount: Up to $2MM
  • Rate: 3.75% or 2.75% for non-profits
  • Structure: Up to 30 years
  • Forgiveness: None
  • Features: Guarantor support and any available collateral required
  • How to Apply: sba.gov/disaster

Contacting Your Relationship Manager

  • Most of our Relationship Managers are now working virtually and available to serve your business financial needs by phone or appointment. Please contact your Relationship Manager directly.
  • For assistance with Business Online Banking, please call (614) 480- 2001 or (800) 480-2001, Monday – Friday 7:30 a.m. – 6:30 p.m. ET
  • For assistance with Treasury Management Services, please call (800) 480-4862, Monday – Friday 7:00 a.m. – 6:30 p.m. ET
  • For assistance with International Trade Services, please call (877) 480-4685, Monday – Friday 8:00 a.m. – 5:00 p.m. ET

1All SBA loans subject to eligibility, program requirements and program availability. Huntington is #1 in the nation in number of SBA 7(a) loans from October 1, 2017 to September 20, 2019. Source: U.S. Small Business Administration (SBA).

Loans subject to credit application and approval.