Hana Business Capital, the asset-based lending division of Hana Financial, closed on three transactions in Q1/16 totaling $8 million.

Earlier this year, it provided two credit facilities to portfolio companies of Diversis Capital of Santa Monica, totaling $2 million in commitments and, most recently, Hana closed a $6 million ABL to Spokane Industries, based in Washington.

Hana closed its first ABL transaction in October 2015 and provides senior secured loans ranging in size from $1 million to $15 million.