Hana Financial
Founded in 1994, Hana Financial is a leading non-bank commercial lender in the U.S., offering diverse financial services including factoring, trade finance, transportation finance, asset-based lending, and SBA lending.
History of Hana Financial
Founded in 1994, Hana Financial has grown to become a prominent non-bank commercial lender in the United States. Over the years, the company has expanded its portfolio to include various lending services such as factoring, trade finance, transportation finance, asset-based lending, and SBA lending. The organization has achieved significant growth, reflected by its sizeable annual factoring volumes and loan originations, which have exceeded $1.5 billion. Its rich history is marked by notable accomplishments, such as the largest SBA 7(a) securitization in its history and consistent top rankings in the factoring sector.
Services Offered by Hana Financial
Hana Financial provides a wide array of financial services, including factoring, trade finance, transportation finance, asset-based lending, and SBA lending. The company's factoring services include accounts receivable factoring, credit protection programs, as well as purchase order and trade finance. In transportation finance, they offer same-day purchasing and 24/7 account access and credit checking. The asset-based lending options range from $1 million to $15 million, catering to working capital needs, business growth, management buyouts, debt financing, and acquisitions. Hana Financial also offers equipment financing up to 100% for qualified transactions without the requirement of collateral.
Hana Financial's SBA Lending
One of the most active SBA 7(a) lenders in the nation, Hana Financial's SBA lending services span various funding needs, including business real estate purchases, construction, refinances, business acquisitions, equipment purchases, and working capital. Their SBA lending subsidiary, Hana Small Business Lending, Inc., originated over $1 billion in SBA loans since its inception in 2007. The firm offers business asset loan programs with funding amounts ranging from $100,000 to $5 million. Recent milestones include completing a $56 million SBA securitization, which was the largest and most successful in its history.
Hana Financial's Factoring Services
Hana Financial ranks among the top ten largest factoring companies in the U.S. and has a significant footprint in the factoring market with over $27 billion in factoring volume and loan originations since its inception. Its factoring services include comprehensive accounts receivable factoring and various credit protection programs. Hana Financial also offers purchase order and trade finance. The company has recently secured a $100 million factoring credit facility, with an accordion feature approved up to $300 million, enhancing its capacity to support businesses in need of reliable financing solutions.
Hana Financial's Credit Ratings and Recognitions
Hana Financial has received notable recognition for its financial stability and performance. Standard & Poor’s upgraded the credit rating on Hana SBL Loan Trust 2016-1 from ‘A- (sf)’ to ‘AA (sf)’, reflecting the company's robust financial health and risk management capabilities. This upgrade demonstrates investor confidence and the reliability of Hana Financial's lending practices, further cementing its reputation in the financial services industry.