HomeStreet Expands Commercial Lending into California with Hiring of Small Business Lending Group

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (NASDAQ:HMST) and an SBA Preferred Lender, announced that it has expanded its commercial lending into California with the addition of an award-winning team specializing in U.S. Small Business Administration (SBA) lending.

The nine-person team will be led by Joan Earhart, SBA’s 2013 Region IX Financial Services Champion. The team recently received recognition by CDC Small Business Finance, the nation’s number one SBA 504 Certified Development Company, as their 2014 Top Community Bank Lender. Based in Orange County, Calif., the SBA team will provide SBA 7(a) Business and Real Estate loans and Contract Financing, as well as 504 Real Estate and Equipment loans, to small- and medium-sized businesses throughout the state.

“We are thrilled to add such knowledgeable and high-performing individuals to serve the financial needs of our small business community,” said HomeStreet EVP and Commercial Banking Director Dave Straus. Adds Earhart, “With a large lending capacity and a community bank atmosphere, HomeStreet Bank provides the perfect platform for the successful delivery of loan products to the growing business community.”

For more information on HomeStreet Bank’s SBA program in California, please visit https://www.homestreet.com or contact Joan Earhart at 714-813-0142.