Hana Financial, Inc., one of the nation’s leading non-bank specialty commercial lenders, announced that its SBA lending unit, Hana Small Business Lending, Inc., has completed the securitization and sale of approximately $46.1 million of notes backed by the unguaranteed portion of a pool of U.S. Small Business Administration (SBA) loans.
The notes issued from this transaction received an “A-” rating from Standard and Poor’s. This transaction also represented Hana’s third (3rd) SBA non-guaranteed securitization since 2012. In 2014, Hana completed a similar SBA securitization of $46.2 million, and in 2012, executed an SBA securitization of $26.6 million.
Guggenheim Securities, LLC served as initial purchaser of the notes, which were fully subscribed.
“Hana Financial’s expertise in SBA lending and its commitment to credit quality are the reasons this securitization was so attractive to institutional investors,” said Sunnie S. Kim, Co-founder, President & Chief Executive Officer of Hana Financial. “Hana continues to succeed by identifying qualified borrowers and originating high-quality SBA loans.”
Hana Financial’s subsidiary, Hana Small Business Lending, Inc. is a leader in U.S. SBA 7(a) loans. Of the more than 2,300 SBA lenders in the U.S., Hana is one of the top 30 SBA 7(a) lenders in loan volume. Of the 14 non-bank SBA lenders in the country, Hana is ranked No. 2. Since obtaining its license in 2007, Hana Small Business Lending has originated more than $750 million in SBA loans. In the past year, the company closed more than $150 million of small business loans.
Hana offers a wide range of SBA loans, including business real estate purchase, construction, refinance, business acquisition, equipment purchase, and working capital. The firm’s SBA business asset loan programs provide funds from $100,000 up to $5 million to acquire property, an existing business, new business start-up, refinancing, or to consolidate and purchase fixed assets.
Founded in 1994, 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.