Ukraine
USA
Austria
Pros&Cons
- Leading SBA lender
- Multiple financing solutions
- Long repayment terms
- Strong regional presence
- Limited rate transparency
- Longer approval timelines
- Strict underwriting standards
- Extensive documentation requirements
What Types of Businesses Are Typically Financed?
Business structure
LLCs, corporations, partnerships, and sole proprietors
Business stage
Startups and established businesses
Geography
SBA loans available nationwide; non-SBA business loans mainly within Huntington’s 11-state footprint: Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin.
Use of funds
Financing for business acquisition, startup costs, real estate, equipment, debt refinancing, and underserved business owners.
Financial profile
Stable cash flow, repayment capacity, acceptable credit profile, and SBA eligibility where applicable.
What Business Loan Products Are Available?
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Business Term Loans
DescriptionApply nowFlexible financing for business expansion, equipment purchases, commercial real estate, acquisitions, and other long-term investment needs.
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Business Line of Credit
DescriptionApply nowRevolving credit that provides flexible access to working capital for inventory, payroll, seasonal expenses, and day-to-day cash flow management.
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SBA-Guaranteed Loans
DescriptionApply nowGovernment-backed financing through SBA 7(a), 504, Express, and other SBA programs for startups, expansion, equipment, real estate, and business acquisitions.
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Lift Local Business® Loans
DescriptionApply nowSpecialized financing program designed to expand access to capital for minority-, women-, and veteran-owned businesses, with business planning support and educational resources.
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Dental & Veterinary Practice Loans
DescriptionApply nowIndustry-specific financing for practice acquisition, startup costs, equipment purchases, facility expansion, commercial real estate, and debt refinancing.
What Documents Are Required to Apply?
Business Financials
Business tax returns, current financial statements, cash flow information, and other financial records requested based on the loan program.
Owner Financials & Identity
Personal financial statement, personal income tax returns, government-issued identification, and SBA Borrower Information Form (Form 1919) for SBA loans.
Legal & Tax Documents
Business certificate or license, business formation documents, business lease (if applicable), and other legal documentation required for underwriting.
Loan Purpose & Operations
Business plan or financing proposal explaining the purpose of the loan, intended use of funds, business operations, and growth objectives.
Real Estate & Collateral
Collateral documentation, property or equipment information, appraisals, and other supporting documents when required by the loan structure.
Create a Bank-Ready Business Plan in Minutes
40+ bank-approved structure
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60+ Page AI PDF in 5 Minutes
Modern design, no extra editing
How Does the Business Loan Application Process Work?
Initial consultation
Meet with a Huntington relationship manager or SBA specialist to discuss financing needs, loan options, and eligibility.
1–3 business days
Applying for the wrong loan product or approaching the bank without clear financing objectives.
Application & document preparation
Complete the application and submit business, financial, ownership, and supporting documentation required for underwriting.
5–10 business days
Incomplete documentation, outdated financial statements, or missing supporting records.
Credit review & underwriting
Huntington evaluates cash flow, repayment capacity, credit history, collateral (if applicable), and SBA eligibility for government-backed loans.
2–6 weeks
Delayed responses to additional information requests or weak repayment capacity.
Approval & loan commitment
Final loan structure, guarantees, collateral requirements, and approval conditions are reviewed with the borrower.
2–5 business days
Not reviewing loan terms, guarantees, or closing conditions carefully.
Closing & due diligence
Final legal documents are completed and any remaining funding conditions, appraisals, or compliance requirements are satisfied.
3–10 business days
Delays in providing final documents or meeting closing requirements.
Funding & disbursement
Loan proceeds are released after all closing conditions have been fulfilled.
1–3 business days
Misunderstanding disbursement procedures or repayment obligations.
Common Reasons for Loan Denial — and What to Do Next
Sara
Shelby, OH
My experience with customer service at Huntington was very pleasant. They were friendly yet professional.
Read more
Samuel
Etna, PA
Very friendly on the phone or in person. Great variety of accounts and services. The overdraft protection is always a nice perk, and they were really great helping their customers during and after covid!
Read moreCommon Reasons for Loan Denial — and What to Do Next
Most Huntington loan denials are related to underwriting readiness rather than the business idea itself. Strengthening your financial documentation, repayment capacity, and loan presentation before applying can significantly improve your chances of approval.м
Reason for Denial
What to Do
Insufficient cash flow
01
Strengthen operating cash flow and demonstrate that the business can comfortably service the requested debt.
Weak personal or business credit
02
Improve credit history, reduce outstanding balances, and resolve negative credit issues before reapplying.
Incomplete financial documentation
03
Prepare complete financial statements, tax returns, projections, and supporting documents before submitting the application.
Unclear use of funds
04
Clearly explain how the loan will be used and how it will support business growth and repayment.
Weak management or business experience
05
Provide resumes, industry experience, and a well-developed business plan that demonstrates management capability.
How Growexa Helps You Get Approved Faster
Bank evaluates business loan applications through structured underwriting, where cash flow, debt load, and loan purpose must align clearly. Growexa helps you prepare a Bank-ready business plan that matches how the bank reviews applications during underwriting.
Pre-qualification before applying
Validate cash flow, debt capacity, and loan size before approaching the bank.
Matching with the right lender
Position your business plan based on lender criteria and loan type.
Reducing rejection risk
Align financials, projections, and loan purpose into one coherent, bank-ready plan.
Working with multiple banks at once
Use the same structured business plan across multiple lenders without reworking it.
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Pre-qualification before applying Validate cash flow, debt capacity, and loan size before approaching the bank.
Matching with the right lender Position your business plan based on lender criteria and loan type.
-
Reducing rejection risk Align financials, projections, and loan purpose into one coherent, bank-ready plan.
Working with multiple banks at once Use the same structured business plan across multiple lenders without reworking it.
Growexa helps you prepare a bank-ready business plan that speaks the language of lenders—so you can move through underwriting faster and with fewer rejections.
FAQ
01
Does Huntington Bank offer SBA loans nationwide?
Yes. Huntington provides SBA lending nationwide through its dedicated SBA team, even though most conventional business lending is focused on its 11-state branch network.
02
What types of SBA loans does Huntington offer?
Huntington offers several SBA financing options, including SBA 7(a), SBA 504, SBA Express, and the Lift Local Business® program for eligible underserved businesses.
03
Does Huntington publish minimum credit score or revenue requirements?
No. Huntington does not publicly disclose minimum credit score, annual revenue, or time-in-business requirements. Eligibility is determined during the application and underwriting process.
04
Is a business plan required to apply?
A formal business plan is not required for every loan, but Huntington strongly recommends preparing one, particularly for SBA financing or larger borrowing requests, to clearly explain your business, use of funds, and repayment strategy.
05
How do I start the application process?
The first step is to speak with a Huntington relationship manager or SBA specialist, who will review your financing needs, explain available loan options, and outline the documentation required for your application.
