Online Business ReviewsQuality Business & Financial News Rated by Experts & Readers
Huntington bank announces $360 million small business lending plan
In 2009, Huntington ranked seventh nationally in small business lending despite its status at the 24th-largest bank in the country. In four of the five markets it serves – Michigan, Ohio, West Virginia and Indiana – it was the top small business lender for 2009.
To ensure sound lending practice, Huntington plans to hire 150 additional small business banking experts.
“We know that small businesses generate 65 percent of new jobs, and we want to help our area recover by jump starting small business hiring,” Steve Seinour, Huntington CEO, said. “It’s clear that healthy small businesses foster growth and vitality in the communities they serve.”
Huntington’s plan is good news for small business owners, but for the economy at large as well. The Small Business Administration reports that 64 percent of new jobs over the last 15 years came from small business growth.
Similar Posts:
- Funds could spur more than $18 billion in SBA lending
- SMBs with outstanding service come out on top
- 84 Percent of Small Businesses Say U.S. Economy is on Wrong Track
- Chase Offers Small Business Borrowers Incentives to Hire
- CIT helps SMBs get more loans for less
Leave a Reply