HomeStreet Bank in Seattle has added the U.S. Small Business Administration loans to its menu of services for small and middle-market companies in the Puget Sound region.
The $2.4 billion-asset bank said Monday that it is participating in the SBA's 7a, 504, Express, Export Express, Export Working Capital and International Trade Finance programs. The bank, a unit of HomeStreet (HMST), will also offer the Patriot Express program, an initiative to help military personnel launch or expand small businesses.
HomeStreet's SBA program is managed by Kevin M. Janusz, who has 20 years of experience in arranging financing for businesses.
"The Pacific Northwest is fortunate to have a large and diverse industry base, with a mixture of small to medium size companies that benefit from our regional economic growth as well as the expansion from our trading partners overseas," Janusz said in a news release. "Through the addition of this program, we are better able to offer customized financing for each stage of a small business's growth cycle, from inception through maturity."