Non-bank specialty lender Hana Financial increased the size of its factoring credit facility with a revolving line of credit from Leumi USA.

The increase is a follow-on offering of the A1 and the B1 revolving tranches from the recent $100 million factoring credit facility, through an issuance of the series 2017-1 factoring contract-backed notes on June 26, 2017 by Hana Financial SPV I.

Founded in 1994 by Sunnie S. Kim, Hana Financial is a Los Angeles-based diversified financial services firm specializing in factoring, asset based lending and SBA lending. In 2016, Hana Financial had more than $2 billion in factoring and loan originations.