Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Huntington National Bank SBA loans review

Last updated:  

Apply for a 7(a), Express or 504 loan through this regional lender.

  • Best for business owners in the Midwest looking for government-backed financing.
  • Pick something else if you want fast access to working capital.

$5,000

Min. Amount

$5,000,000

Max. Amount

Details

Product NameHuntington National Bank SBA loans
Min. Amount$5,000
Max. Amount$5,000,000
Loan TermUp to 25 years
RequirementsMeet the SBA requirements for a government-backed loan

Expert review

Anna Serio

Review by


Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Fundera, Business.com, and ValueWalk feature her professional advice, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Huntington National Bank is one of the most active Small Business Administration (SBA) lenders in the country and the top bank in the region it serves. It also approves more applications to the 7(a) loan program than most other SBA lenders — on top of offering Express and 504 loans as well.

It might be a good option if your business is located near one of its branches in parts of the Midwest, South and East Coast. But it doesn’t provide much information online about how its loans work. And when we called for more information, we were passed around to a few different representatives and never actually connected with a specialist.

Not sure about Huntington? Compare your other options below.

First, do I qualify?

Huntington National Bank doesn’t disclose any specific requirements for its SBA loans. However, you’ll have to meet the SBA’s general requirements, which includes meeting its size standards for small businesses, working in an eligible industry and operating as a for-profit enterprise.

What states are Huntington National Bank SBA loans available in?

Huntington National Bank has SBA loan specialists in the following states:

  • Florida
  • Illinois
  • Indiana
  • Kentucky
  • Michigan
  • Ohio
  • Pennsylvania
  • West Virginia
  • Wisconsin

What makes Huntington National Bank SBA loans unique?

Huntington National Bank offers a wider range of SBA loans than you might find with other lenders, including SBA 7(a), Express and 504 loans. Its high approval rate also means you might have a better chance getting approved for a loan — though it might not give out loans as large as some of its other top-ranking competitors.

Pros

  • One of the most active SBA lenders in the country
  • Offers SBA 7(a), Express and 504 loans
  • Loans from $5,000 to $5 million

Cons

  • Limited information available online
  • No online application
  • SBA loan specialists aren’t always available during regular business hours
  • Only has branches in nine states

Compare other business loan options

Updated February 23rd, 2020
Name Product Filter Values Min. Amount Max. Amount Requirements
LoanBuilder, A PayPal Service Business Loans
$5,000
$500,000
Annual business revenue of at least $42,000, at least 9 months in business, personal credit score of 550+.
Customizable loans with no origination fee for business owners in a hurry.
Become Business Loan Marketplace
$5,000
$500,000
12+ months in business and $10,000+ monthly revenue
Compare loan offers from top lenders using this marketplace. It’s free & won’t affect your credit.
National Business Capital Business Loans
$10,000
$5,000,000
Your company must have been in business for at least 6 months and have an annual revenue of at least $100,000.
Get a large business loan to cover your financing needs, no matter what the purpose is.
OnDeck Small Business Loans
$5,000
$500,000
600+ personal credit score, 1+ years in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
BlueVine Business Loan
$5,000
$5,000,000
6+ months in business, $10,000 in monthly revenue, 600+ personal credit score.
Get approved for a business loan in as little as 5 minutes. Applications won't affect your credit score.
First Down Funding business loans
$1,000
$300,000
Varies by type of loan
Alternative financing up to $300K with highly competitive rates.
Kabbage Small Business Line of Credit
$500
$250,000
1+ years in business, $50,000+ annual revenue or $4,200+ monthly revenue over last 3 months
A simple, convenient online application could securely get the funds you need to grow your business.
First Union Lending Unsecured Long-Term Business Loan
$5,000
$5,000,000
450+ credit score, 3+ months in business, $15,000+ monthly revenue, no open bankruptcies
Unsecured funding and more for all credit types.
Sheer Funding Business Loans
$5,000
$2,000,000
6+ months in business, 550+ credit score, $150,000+ annual revenue, eligible industry
Multiple financing options available for business owners with less-than-perfect credit scores.
Efundex long-term business loans
$50,000
$1,000,000
2+ years in business, 620+ credit score, not a sole proprietorship or nonprofit, strong financial history
Financing for high-risk industries with transparent rates and terms.
Lendio Business Loan Marketplace
$500
$5,000,000
Must operate a business in the US or Canada, have a business bank account and have a personal credit score of 560+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.

Compare up to 4 providers

How do I apply?

You can apply for an SBA loan over the phone or in person at your local branch. Either option you choose, it might be best to find an SBA loan specialist near you first. Here’s how to get started:

  1. Go to the Huntington National Bank’s website.
  2. Click Business in the top menu.
  3. Click Borrowing in the main navigation bar and select Find an SBA Specialist.
  4. Scroll down to your state and review the specialists you can apply with.
  5. After choosing a specialist, either call them or send an email to set up an appointment.

What documents do I need to apply?

It depends on the type of loan you apply for and your business’s particular circumstances. SBA loans come with a notoriously long list of documents and forms required, including a detailed list of each owner’s personal assets and criminal histories. You can learn more about what to expect by reading our guide to SBA loan requirements.

How do repayments work?

SBA loans generally come with monthly repayments that are determined by your loan amount, interest rate and term. Check your loan contract to find out when your repayments are due and how much you owe each month.

Ask your SBA loan specialist if it’s possible to set up autopay so you don’t have to take the time for manual payments each month. And if you have any questions or concerns, reach out to customer service as soon as you can.

See how Huntington compares to other SBA lenders with our guide to business loans.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site