Western Alliance Bank is providing a $50 million warehouse funding facility to support the expansion of Peachtree Group’s equipment finance division to deliver flexible capital solutions to businesses nationwide.
The new facility, which builds on the already significant relationship between both companies, will enable Peachtree to fund the origination and acquisition of equipment finance loans across various industries.
“This facility provides scalable capital to support momentum in our equipment finance platform,” Roger Johnson, executive vice president and principal, equipment finance at Peachtree, said. “Western Alliance Bank remains a strong, reliable partner, reflecting our commitment to disciplined growth and long-term partnership.”
James Petty, managing director, commercial banking, Southeast U.S. region for Western Alliance Bank’s hotel franchise finance group, added, “We’re pleased to continue helping Peachtree achieve its business goals with this new debt facility. As a growing national commercial bank, we welcome opportunities to expand our support for strong businesses like Peachtree and others throughout the Southeastern United States.”
