The Huntington National Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by The Huntington National Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 23,872 | $1.94B | $81K | 8.2% |
| 722511 | Full-Service Restaurants | 14,808 | $3.60B | $243K | 5.1% |
| 722513 | Limited-Service Restaurants | 11,872 | $2.87B | $242K | 4.1% |
| 713940 | Fitness and Recreational Sports Centers | 10,216 | $2.54B | $249K | 3.5% |
| 484110 | General Freight Trucking, Local | 9,400 | $818.8M | $87K | 3.2% |
| 236118 | Residential Remodelers | 9,000 | $963.9M | $107K | 3.1% |
| 238990 | All Other Specialty Trade Contractors | 7,856 | $2.08B | $265K | 2.7% |
| 561730 | Landscaping Services | 6,688 | $957.6M | $143K | 2.3% |
| 812199 | Other Personal Care Services | 5,800 | $1.45B | $249K | 2.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 5,744 | $1.15B | $201K | 2.0% |
Geographic Distribution
SBA lending activity for The Huntington National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 99,264 | $15.71B | 34.3% |
| Michigan (MI) | 57,592 | $9.27B | 19.9% |
| Texas (TX) | 13,360 | $6.35B | 4.6% |
| Illinois (IL) | 23,448 | $4.34B | 8.1% |
| Florida (FL) | 10,304 | $3.86B | 3.6% |
| Indiana (IN) | 13,480 | $2.67B | 4.7% |
| Pennsylvania (PA) | 13,120 | $2.59B | 4.5% |
| Colorado (CO) | 7,608 | $2.30B | 2.6% |
| California (CA) | 6,384 | $2.04B | 2.2% |
| Georgia (GA) | 3,536 | $1.23B | 1.2% |
| North Carolina (NC) | 3,264 | $1.22B | 1.1% |
| Minnesota (MN) | 4,792 | $1.04B | 1.7% |
| Tennessee (TN) | 2,568 | $871.7M | 0.9% |
| New Jersey (NJ) | 2,272 | $831.1M | 0.8% |
| New York (NY) | 1,824 | $804.6M | 0.6% |
| Kentucky (KY) | 2,992 | $766.3M | 1.0% |
| Virginia (VA) | 2,184 | $732.3M | 0.8% |
| West Virginia (WV) | 3,592 | $732.0M | 1.2% |
| Wisconsin (WI) | 2,272 | $700.3M | 0.8% |
| Arizona (AZ) | 2,064 | $654.4M | 0.7% |
| South Carolina (SC) | 1,616 | $626.7M | 0.6% |
| Utah (UT) | 1,040 | $466.4M | 0.4% |
| Washington (WA) | 840 | $420.7M | 0.3% |
| Maryland (MD) | 944 | $417.0M | 0.3% |
| Missouri (MO) | 1,040 | $408.1M | 0.4% |
| Massachusetts (MA) | 992 | $402.3M | 0.3% |
| Oregon (OR) | 720 | $350.7M | 0.2% |
| Alabama (AL) | 648 | $276.0M | 0.2% |
| Nevada (NV) | 584 | $189.7M | 0.2% |
| Idaho (ID) | 576 | $189.2M | 0.2% |
| Oklahoma (OK) | 536 | $187.8M | 0.2% |
| Connecticut (CT) | 624 | $184.3M | 0.2% |
| Kansas (KS) | 528 | $159.3M | 0.2% |
| Nebraska (NE) | 376 | $145.4M | 0.1% |
| New Hampshire (NH) | 240 | $131.7M | 0.1% |
| Iowa (IA) | 320 | $129.0M | 0.1% |
| Louisiana (LA) | 488 | $120.9M | 0.2% |
| Mississippi (MS) | 184 | $95.7M | 0.1% |
| New Mexico (NM) | 224 | $90.7M | 0.1% |
| District of Columbia (DC) | 184 | $73.3M | 0.1% |
| Arkansas (AR) | 264 | $68.7M | 0.1% |
| Rhode Island (RI) | 192 | $67.5M | 0.1% |
| Delaware (DE) | 232 | $66.4M | 0.1% |
| Hawaii (HI) | 40 | $53.2M | 0.0% |
| Vermont (VT) | 56 | $41.9M | 0.0% |
| Montana (MT) | 56 | $30.9M | 0.0% |
| South Dakota (SD) | 104 | $23.6M | 0.0% |
| Alaska (AK) | 16 | $13.3M | 0.0% |
| Maine (ME) | 48 | $10.6M | 0.0% |
| Wyoming (WY) | 32 | $10.4M | 0.0% |
| North Dakota (ND) | 48 | $8.4M | 0.0% |
Why Choose The Huntington National Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 289,712 SBA loans approved, totaling $64.16B in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long Distance, Truckload, Full-Service Restaurants, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.56% with flexible term lengths averaging 119 months
- ✓Loan Range: Loan sizes from $1K to $5.0M, with an average of $221K
- ✓Nationwide Reach: Active lending in 51 states, with strong presence in OH, MI, IL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about The Huntington National Bank SBA lending
What types of businesses does The Huntington National Bank typically finance?
The Huntington National Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, long distance, truckload, full-service restaurants, limited-service restaurants, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Huntington National Bank's typical SBA loan terms?
The Huntington National Bank's SBA 7(a) loans typically feature an average interest rate of 8.56% and average term length of 119 months (approximately 10 years). Loan sizes range from $1K to $5.0M, with an average loan size of $221K.
Do I need a business valuation for a The Huntington National Bank SBA loan?
Yes, The Huntington National Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does The Huntington National Bank compare to other SBA lenders?
The Huntington National Bank has originated 289,712 SBA loans totaling $64.16B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does The Huntington National Bank lend in?
The Huntington National Bank provides SBA 7(a) financing with particularly strong presence in OH, MI, IL, IN, TX. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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