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Hana Financial was established in 1994, primarily serving the niche markets of the garment and textile industries in Southern California. Over the past several years, Hana's revenues have steadily increased by 20% per annum. In 2006, Hana reached $1.2 billion in factored volume, making it one of the top 10 factors in the country.

In 2004 we became a member of Factors Chain International (FCI), the world's largest factoring network. To better serve our East Coast clients, we relocated our New Jersey office to New York City in 2005. We launched our SBA lending division in April 2006, which has yielded promising results in a very short period of time. We are now a licensed SBA lender, where we are one of the only 14 non-depository financial institutions in the nation. Recently, we opened our Northwest Regional Office in Seattle as part of the ongoing expansion of our business.

All these events have enabled us to strengthen our support for our clients both domestically and internationally.

As a result of our ongoing efforts to diversify Hana's clientele, one-third of our portfolio now represents the non-apparel industries such as information technology, consumer electronics and general products. With the expansion of our company and the dedication of our highly trained staff, who understand and are available to meet the clients' changing needs, Hana has truly become a fully diversified financial service company.

Client service is the cornerstone of our organization. We are proud to say that Hana's commitment to quality service has reached the standard that is a benchmark for our competition.

Sunnie S. Kim
President and Chief Executive Officer
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