Hana Financial Obtains a New Revolving Line of Credit for Its Factoring Credit Facility

August 16, 2017 06:34 PM Eastern Daylight Time

LOS ANGELES–(BUSINESS WIRE)–Hana Financial, Inc., one of the largest non-bank specialty commercial lenders in the nation, announced today that it has increased the size of its factoring credit facility with a revolving line of credit from Bank Leumi USA. It is a follow-on offering of the A1 and the B1 revolving tranches from the recently announced $100 million factoring credit facility through an issuance of the Series 2017-1 Factoring Contract Backed Notes on June 26, 2017 by Hana Financial SPV I, LLC.

About Hana Financial, Inc.

Founded in 1994 by Sunnie S. Kim, Hana Financial, Inc. is a Los Angeles based diversified financial services firm specializing in factoring, asset based lending and SBA lending. In 2016, Hana Financial had over $2 billion in factoring and loan originations. For more information, visit www.hanafinancial.com or call 213.240.1234.

About Bank Leumi USA

Bank Leumi USA (Leumi) is a full-service commercial and private banking institution providing financial services to middle market firms, as well as a full range of private banking solutions to domestic and international clients. Leumi also offers a broad range of securities and insurance products through its brokerage subsidiary, Leumi Investment Services Inc. More information about Leumi is available at www.leumiusa.com.

For more information, please contact,

Patrick Y. Shim
SVP, Corporate Strategy & Administration
Hana Financial, Inc.
Tel) 213.240.1234