Frequently Asked Questions About SBA Loans

Business Loans | HomeStreet Bank


Understand SBA Loans and
how they can help your business grow.

Our SBA Loan Officers are here to help.

What does SBA stand for?

The U.S. Small Business Administration (SBA) is a federal agency committed to helping small businesses succeed and grow by guaranteeing loans to small businesses made through lending partners. HomeStreet Bank SBA loans provide greater flexibility in repayment terms and lower monthly payments.

How is an SBA Loan different from other business loans?

HomeStreet Bank provides the actual loan to the business borrower. However, the U.S. SBA guarantees a portion of the loan, usually 50% to 85%, depending on the loan program. With the SBA partial guarantee, lenders are more confident in making the decision to finance a business client's needs, regardless of the age or size of the business.

What are the benefits of a SBA Loan?
What types of SBA Loans are available?

View our SBA Loan Program options to learn more details on these SBA business financing options.

How does my business qualify for an SBA Loan?

SBA loans are available to many types of businesses, from start-ups to established companies. Participating SBA lenders look for management capability, collateral pledged and the owner's equity contribution in evaluating the loan request. HomeStreet Bank and the SBA look at your ability to repay the loan from the cash flow of your business. Regardless of the age or size of your business, our SBA lending experts are ready to assist you in growing your business with financing to meet your business needs.

How do I apply for an SBA Loan?

We start with identifying the best SBA business financing program for you and assist you through the loan process, from initial application to funding.

Why should I partner with HomeStreet Bank for a SBA Loan?

We'll analyze both SBA and conventional business loans options for you, recommending the most cost-effective solution for your business objectives. You'll have a choice of SBA loan programs with lower down payments and a wider range of terms. Plus, you'll have a local banking partner based in Western U.S. with a 90-year track record of serving local businesses with innovative and competitive financing options.


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