KeyBank ranks in top 15 nationally for both SBA 7(a) and SBA 504 lending programs for SBA 2023 fiscal year for unit volumes

CLEVELAND, Oct. 16, 2023 /PRNewswire/ -- Today, KeyBank (NYSE: KEY) announced it ranked among the top 15 lenders in the country for unit volumes for the Small Business Administration (SBA) 2023 Fiscal Year for both the SBA 7(a) and SBA 504 lending programs. During SBA's FY 2023, KeyBank extended 918 loans for a total of $229 million under the flagship 7(a) program and an additional 52 small business loans worth more than $58 million utilizing the SBA's 504 program. The unit volume secured KeyBank the 14^th position out of over 1,500 participating lenders for 7(a) lending and the 12^th spot for 504 lending nationally