Justin Archuleta Named "SBA 504 Lender of the Year"Print Article
Nampa, ID—Home Federal Bank president and chief executive officer Len Williams is pleased to announce that commercial relationship manager Justin Archuleta has been named the Small Business Administration (SBA) 504 Lender of the Year by Capital Matrix, an SBA certified development company that participates with lenders in Idaho and Oregon to provide SBA 504 financing for small businesses.
The award recognizes the individual lender who has referred the most approved SBA 504 applications during the prior twelve months. Archuleta, with three approved referrals for projects in the Treasure Valley, received the award at a luncheon in September.
"This is a great honor for both Justin and for Home Federal Bank," said Williams. "It highlights our commitment to helping small businesses in this community grow and succeed by providing the right tools and financing solutions. We are proud of Justin's contribution—he is very deserving of this award."
A banker with 12 years of industry experience, Archuleta began his career at Home Federal Bank in 2004. He currently serves on the Nampa Chamber of Commerce Board, is a past participant of Leadership Nampa and has served as a United Way Loaned Executive. He successfully completed the Oregon Bankers Association Northwest Commercial Lending School and is currently enrolled in the Northwest Nazarene University STEP Program to complete a Bachelor of Science degree in Business Administration.
Established by the U.S. Small Business Administration, the SBA 504 loan program offers small businesses long-term financing at affordable fixed interest rates. Small business owners can use the 504 loan option to purchase land, buildings or equipment as well as make building improvements. Under the program, a bank or financial institution will lend up to 50 percent of the project cost, Capital Matrix will lend up to 40 percent and the business owner provides a minimum of 10 percent toward the project's cost.
ABOUT HOME FEDERAL BANK
Home Federal Bancorp, Inc. is headquartered in Nampa, Idaho and is the parent company of Home Federal Bank, a community bank originally organized in 1920. Home Federal Bank operates a total of 33 branches throughout southwest Idaho and Oregon. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "HOME." For more information, visit the Home Federal Bank website at www.MyHomeFed.com.