Huntington Bank: Lender Fit
The Fit
Bank. The highest 7(a) loan count in the country for years running, tuned for smaller loans inside its nine-state branch footprint.
At a Glance
- Type
- Bank (lends directly)
- Footprint
- Strongest in nine Midwest and adjacent states.
- Deal Size
- under $500k to $2M.
- Searcher Practice
- A general SBA lending desk, branch-driven.
The Full Review
Huntington Bank is reviewed in full in the directory, with its model, the searcher case for and against it, and every source: read the Huntington Bank review.
How to Approach
Huntington Bank is a bank, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A prequalification on you and the target, often from the first email.
- A full application and the bank's own underwrite of the deal.
- A term sheet, then closing on the SBA's timeline, commonly two to four months.
What It Weighs
- Whether the business's cash flow covers the debt with room to spare.
- Your experience relative to the business you are buying.
- Your equity injection and how clean the financials are.
How to Prepare
- Model the payment and coverage before you call. SBA Acquisition Calculator
- Underwrite the specific deal end to end. Underwrite a Deal
- Show where every dollar comes from and goes. Sources & Uses Builder
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