SBA Loan w/ Huntington Bank

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by a searcher from University of Utah
in Salt Lake City, UT, USA

1yr ago

SBA Loan w/ Huntington Bank

Has anyone gotten an SBA loan from Huntington Bank? (I am sure lots of people as they are one of the top SBA lenders in the country)
Just want feedback
I have compared 5 different lenders and am thinking of selecting Huntington Bank.
1-how did it go overall
2-did you get a express LOC how quickly after closing were you able to access it?
3- how quick from you select them to closing did it take roughly?
4-Any crazy curveballs I should be prepared for?

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reply by a lender 1yr ago
from University of Missouri in Denver, CO, USA

I am an SBA lender with Cadence Bank. It sounds like you already have some good options but would be happy to have a quick conversation if you would like to see if it could be a fit. I pride myself on our execution of closing. Interest rate is important as are other deal metrics, but at the end of the day I have seen many Banks deliver promises and not follow through. In my mind, executing the loan to closing is the most important factor in M&A deals that are usually time-sensitive.

reply by a searcher 1yr ago
from The University of Chicago in 1251 US-31 N, Greenwood, IN 46142, USA

I was in similar situation as Ulug. I didn't have other options. LOC was setup along with SBA loan. I was able to access it right away. Banker has to do something on their side for LOC to show up on your account profile. DM me if you want to discuss further. Good Luck.