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SBA Loans

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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 are available to many types of businesses, from start-ups to established companies.

1.15% APY* Money Market | HomeStreet Bank 1.15% APY* Money Market | HomeStreet Bank

Loans from $350K to $5M

Request a free 30 minute consultation with an expert.

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

 

SBA ineligible industries

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

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

Find your local SBA Relationship Manager


See How to Prepare for an SBA Loan


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SBA Loan Icon 7(a) Business Loan
SBA Loan Icon | HomeStreet Bank 7(a) Real Estate Loan
SBA Loan Icon 504 Loan
SBA Loan Icon| HomeStreet Bank SBA Express
SBA Icon | HomeStreet Bank SBA Cap Lines
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7(a) Business Loan Program

  • 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.
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One-story building front

7(a) Real Estate Loan Program

  • Used for commercial real estate purchase, refinance or construction.
  • Term loan is up to 25 years for up to $5 million.
One-story building front
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504 Loan Program

  • 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.
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SBA Express

  • Used as a working capital line of credit.
  • Lines of credit 5 years for up to $350,000.
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SBA CAPLine Financing

  • 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.
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SBA FAQs

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?

  • 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

What types of SBA Loans are available?

  • SBA 7(a) Real Estate Loan & SBA 7(a) Business Loan
  • SBA 504
  • SBA Express
  • SBA Cap Lines

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.

Request a 30 minute consultation with an SBA lending expert.

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