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SBA Loans

HomeStreet Bank is established as part of the Preferred Lender Program (PLP) from the U.S. Small Business Administration, which shortens the loan process.

SBA loans serve a variety of business financing needs, including:

  • Owner-occupied commercial real estate financing
  • Business acquisition or expansion
  • Financing equipment and inventory purchase
  • Refinancing business debt
  • Inventory and working capital
  • Financing for international trade loans

 

SBA ineligible industries

The Small Business Administration listed the following industries as not eligible:

  • Gambling
  • Insurance companies
  • Non-profit
  • Loan packaging/lending firms
  • Real estate investment
  • Adult entertainment
  • Cannabis-related ventures

For more information about ineligible industries, including a detailed list, visit SBA.gov.

Find your SBA Relationship Manager

SBA Loan choices 

  • Used to acquire a business, start a business, purchase equipment, provide working capital, refinance debt or to finance inventory.
  • Term loan is 7 to 10 years for up to $5 million.
  • Used for commercial real estate purchase, refinance or construction.
  • Term loan is up to 25 years for up to $5 million.
  • Used to purchase or construct owner-user commercial real estate, finance equipment purchase or construction improvements for existing facilities, or refinance debt.
  • Term loan is 20 to 25 years for up to $11.25 million.
  • Used as a working capital line of credit.
  • Lines of credit 5 years for up to $350,000.
  • Used to finance and meet seasonal and/or short-term working capital needs, advances against existing inventory and receivables, and for consolidation of short-term debt.
  • Lines of credit 3 – 5 years for up to $5 million.

     All loans subject to approval.

SBA FAQs

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.
We start with identifying the best SBA business financing program for you and assist you through the loan process, from initial application to funding.
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.
  • SBA 7(a) Real Estate Loan & SBA 7(a) Business Loan
  • SBA 504
  • SBA Express
  • SBA CapLines
  • Longer loan terms (up to 7 years for working capital and up to 25 years for real estate financing)
  • Lower down payment options
  • Flexible repayment options
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.
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.
All loans are subject to approval.

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