Hana Financial closed a $6 million credit facility to Spokane Industries, a developer and manufacturer of high quality sand and investment castings.

“Hana Financial quickly worked to deliver a revolving credit facility that offered us flexibility and increased borrowing capacity. This line will help us fund our ongoing working capital needs and we look forward to working with the seasoned team at Hana,” stated Greg Tenold, president of Spokane Industries.

Clark D. Griffith, president of Hana Financial’s ABL unit, Hana Business Capital, stated, “It is an honor to be working with this impressive family run business. I made a trip to visit Spokane Industries this past February and I was extremely impressed with the facilities and the senior management team. We look forward to building a strong relationship with this second generation family owned business, with an top notch team made up of many second and third generation employees.”

Hana Financial, founded in 1994 is a Los Angeles-based non-bank commercial financial institution which offers factoring, asset based lending, SBA lending, home mortgage banking, and investment banking. Hana started offering asset-based loans in 2015.