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KeyBank National group gets SBA stamp of approval

KeyBank National Association, KeyCorp's newly formed nationwide bank, has received preferred lender status from the U.S. Small-Business Administration that will allow Key to streamline the process of applying for an SBA loan.

Preferred lenders are chosen from the SBA's most active lenders and only a small number achieve that status. With the distinction, Key has the authority to approve SBA-guaranteed loans, resulting in faster service to small business customers.Customers also are able to use SBA's Fa$track simplified application, which greatly reduces required paperwork.