The Huntington National Bank: SBA Lending Record

A very large 7(a) book

The Huntington National Bank appears in SBA's records with 57,524 loans and $14.77 billion in gross dollars approved from the FY2017 to FY2026 window. Each of those loans sits under SBA 7(a), while SBA 504 contributes none. SBA files The Huntington National Bank under OH. What the page prints is SBA's own record of loans the bank holds now or last held, drawn from the agency's public FOIA data. SBA guarantees the loans, not the holder, and any 7(a) loan is counted under the institution it is currently assigned to, which is not always the first one that handled it. Read the numbers as a ledger of holdings, not as a statement about how the holder decides or what it asks borrowers to show.

Property types and places

Most of the book cannot be sorted by property type: 43,885 of the 57,524 loans sit outside every named asset class. Among the classes that are named, the full-service restaurant leads with 3,167 loans, ahead of the limited-service restaurant at 2,145, the fitness center at 1,771, the coffee shop and snack bar at 1,060 and the beauty salon at 807. Automotive repair has 732, child care 559 and dental offices 502. The weight falls on the Midwest: Ohio carries 18,720 loans and Michigan 11,543, with Illinois at 4,003, Texas at 2,964, Indiana at 2,739 and Pennsylvania at 2,439.

What happened after approval

Cancelled after approval, FY2017 to FY2024: floor 9.6%, ceiling 13.1%, the ceiling counting undisbursed loans as cancelled. Charged off, FY2017 through FY2021 cohort of 20,042: floor 5.2% so far, 3.1% by the fifth year after approval. Both are lower bounds on a book still open.

What a feasibility study has to carry

A record this broad is not a template. A study for a full-service restaurant, the largest named class here with 3,167 loans, would test sales per seat, the rent the site can carry and kitchen labour, then explain how debt is serviced when sales dip and when they hold. A project that belongs to a property type outside the 43,885 unclassified loans would need to rely entirely on its own market evidence. An Ohio or Michigan project sits where the weight of the file lies; a project in a state with fewer loans has less precedent in this record, and a good study should say why the holdings are relevant anyway. Whatever the class, the appraisal has to support the value the loan assumes.