Huntington Bankshares for Business Banking

Huntington Bankshares, which is headquartered in Columbus, Ohio and has been in that city since its founding in 1866, offers a wide variety of programs for small and large businesses and consumers. The bank has almost $73 billion in assets and is considered a regional bank holding company. As a new business in this area of the country, you may want to check the bank out and open your business accounts at the bank.

When considering a financial institution for your new business accounts, you might want to open business accounts with the same bank that is already handling your consumer banking. If a bank is already handling your home mortgage, savings and possibly investments accounts, you have a greater chance of securing business loans through them as well.

Regardless of how large or small your new business may be, always, always separate out your personal finances from your business finances. If you are ever audited by the Internal Revenue Service–and if you are in business long enough you will be! It is much easier to show business expenses with separate accounts.

Huntington Bankshares has the traditional business accounts and lines of credit for you. The bank also bills itself as the number one SBA lender in this Midwestern region. Private banks and the Small Business Administration (SBA) work together to help new and existing businesses with capital needs. Let’s say you approach the Huntington Bank with a great, but unproven idea for a new business, the bank may not give you a loan directly, but they may help you get an SBA loan. Huntington Bankshares will assist customers with Basic 7(1) loans, SBA Express Loans and 504 loans. This money can be crucial and the difference between success and failure for a new business venture.

As you start your new business, you would benefit yourself to drop by at a branch and talk to a representative. Their people have years of experience help entrepreneurs like yourself get your feet off the ground. They have a wealth of knowledge about starting and succeeding in business and could help you.

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