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.
Hana Financial, Inc.
Patrick Y. Shim, 213-240-1234
SVP of Corporate Strategy & Administration