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

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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 $500,000.
  • 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

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.
All loans are subject to approval.

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