The good news is that Huntington Bank, the 24th largest bank in the country, is planning to double their small business loans to more than $1.5 billion. They apparently are going to hire 150 additional business bankers to help small business owners apply for and get approved for an estimated 27,000 loans.
The bad news is that the loans are only for business owners in six mid-western states: West Virginia, Ohio, Kentucky, Michigan, Pennsylvania and Indiana.
But, of course, if your business is in those states - then that's good news too.
Huntington, which operates over 600 bank offices, is committed to helping repair the small business community. Because of the bad economy, they've agreed to loosen their underwriting standards and specifically reach out to businesses that previously might not have qualified for credit.
For more information about their small business lending, call (800) 480-2001 or visit www.huntington.com/bas/HNB2502.htm
