HomeStreet Bank Receives SBA Preferred Lender StatusJune 24, 2013HomeStreet Bank has received national Preferred Lender Program status from the U.S. Small Business Administration (SBA). HomeStreet was chosen for Preferred Lender status based on its prior record of working with the SBA and its ability to demonstrate a high proficiency in underwriting and servicing SBA guaranteed loans.
“The SBA Preferred Lending designation provides our bank with the ability to streamline and expedite the loan approval and closing process, which in turn will provide more efficiency for our clients when it comes to approval and closing time with SBA loans,” said vice president and SBA lending manager Kevin M. Janusz. “Achieving preferred lending status is a significant milestone and demonstrates our commitment to small business lending.”
SBA created the Preferred Lenders Program (PLP) to allow the delegated authority to process, close and service most SBA-guaranteed loans without prior review by SBA.
HomeStreet participates in the SBA 7a, 504, Express, Export Express, Export Working Capital and International Trade Finance programs. HomeStreet also offers the Patriot Express program, an initiative to help military personnel launch or expand a small business.
For more information about HomeStreet’s government guaranteed SBA lending options, visit homestreet.com, or call 888-999-7909.