LOS ANGELES–(BUSINESS WIRE)–Hana Financial announced today that Standard & Poor’s (S&P) raised the
credit rating on Hana SBL Loan Trust 2016-1 from ‘A- (sf)’ to ‘AA (sf)’.
The rating improvement is indicative of Hana Financial’s origination of
high-quality SBA 7(a) loans and diversification in its loan portfolio.
Hana SBL Loan Trust 2016-1 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 2016-1 is the only currently outstanding securitization trust for
HSBL with the first two securitization trusts successfully paid off.
About Hana Financial, Inc.
Founded in 1994 by Sunnie S. Kim, Hana Financial, Inc. is a Los Angeles
based diversified financial services holding company, comprised of Hana
Commercial Finance, Inc. offering factoring and asset based lending
services, and Hana Small Business Lending, Inc. offering SBA 7(a) loans
nationwide. For more information, visit www.hanafinancial.com or
Hana Financial, Inc.
Patrick Y. Shim, 213-240-1234
Corporate Strategy & Administration