S&P Raises Hana SBL Loan Trust 2014 Rating to AA+

June 21, 2017 12:17 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 Standard & Poor’s (S&P) raised the credit rating on Hana SBL Loan Trust 2014 from ‘A (sf)’ to ‘AA+ (sf)’. The rating improvement is indicative of HSBL’s origination of high-quality loans and diversification in industries.

Hana SBL Loan Trust 2014 is an asset-backed securities (ABS) transaction collateralized primarily by a pool of unguaranteed U.S. Small Business Administration’s Section 7(a) loans originated by Hana Small Business Lending, Inc. (“HSBL”), a wholly-owned subsidiary of Hana Financial, Inc. HSBL has successfully securitized the unguaranteed portion of the SBA 7(a) loans in 2012, 2014 and 2016. Hana SBL Loan Trust 2014 is one of two securitizations currently outstanding for HSBL with the first securitization successfully paid off in 2016.

HSBL consistently ranks as one of the top SBA lenders, and is the second largest non-bank SBA lender in the country by volume.

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 organizations. For more information, visit www.hanafinancial.com or call 213.240.1234.

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