Is KeyBank a good match for your SBA loan?
KeyBank’s project state SBA 7(a) loan approvals in 2020.
KeyBank Highlights
KeyBank is ranked #9 for loan approvals and #8 for approval amounts in 2020. KeyBank is also the 12th ranked SBA lender all-time for both loan approvals and approval amounts. KeyBank is one of 13 SBA lenders in the $5 billion SBA all-time approval club.
All-time KeyBank has approved 23,373 SBA loans for $5,283,679,993. They approved borrowers from 3,172 cities, for projects in 40 states, in 995 industries, and for 589 franchise brands.
In 2020 KeyBank approved 526 SBA loans for $308,149,000. The average loan approval amount in 2020 was $585,835. They approved borrowers from 284 cities, for projects in 32 states, in 175 industries, and for 56 franchise brands. Their average loan approval amount to franchise businesses was $592,834 in 2020.
Our forecast model projects KeyBank approving about $251 million for SBA 7(a) loans in 2021.
Read our SBA Lender page on KeyBank for their full report, but below are a few highlights:
KeyBank Historical SBA 7(a) Lending
KeyBank Loan Approvals
2020 Top 25 Business Industries
KeyBank approved the most loans for the Full-Service Restaurants industry followed by Limited-Service Restaurants industry and Fitness and Recreational Sports Centers industry. KeyBank approved SBA 7(a) loans for 175 different industries in 2020.
KeyBank Loan Amounts
KeyBank’s average SBA loan approval amount in 2020 was $585,835.
60% of all KeyBank approved loans in 2020 were for loan amounts up to $350,000.
31.75% of all KeyBank approved loans in 2020 were for loan amounts up to $150,000.
15% of KeyBank’s approved loans in 2020 were for loan amounts over $1 million.
7% of KeyBank’s loan approvals were for multi-million loan amounts.
KeyBank is the #9 Ranked National SBA Lender
For 2020 KeyBank ranks #9 in number of loan approvals and #8 for approval amounts.
In 2020 KeyBank approved 526 SBA loans for $308,149,000.
KeyBank’s average loan approval amount was $585,835.
In 2020 KeyBank approved borrowers from 284 cities, for projects in 32 states, in 175 industries, and for 56 franchise brands.
KeyBank is the #6 Ranked National SBA Franchise Lender
For franchise branded businesses, KeyBank ranks #6 in number of loan approvals and #18 for approval amounts in 2020.
KeyBank approved 96 loans in 2020 for 56 different franchise brands for $56,912,100 with an average loan amount of $592,834.
See our full (and free) SBA report on KeyBank
This report has about everything a small business owner would want to know to determine if KeyBank would be a good match for an SBA loan. See how KeyBank ranks in multiple SBA loan categories, our SBA lending forecasts for KeyBank, the top 25 industries and franchise brands KeyBank approved loans with, the top project states and borrower cities, and more.
