ATLANTA, Georgia, and DALLAS, Texas—Peachtree Group introduced it has accomplished the acquisition of First Western SBLC, LLC (previously often known as First Western SBLC, Inc.), which operates as PMC Industrial Belief (PMC), a direct lender specializing in Small Enterprise Administration (SBA) 7(a) loans. PMC will proceed working underneath its present identify following the transaction, which acquired approval from the U.S. Small Enterprise Administration and closed.
“This marks an vital step ahead for our credit score enterprise,” stated Greg Friedman, Peachtree’s chief government officer and managing principal. “Based greater than 4 many years in the past by my grandfather, Dr. Fred Rosemore, PMC brings a powerful legacy into Peachtree that strengthens our skill to ship quick, versatile SBA financing whereas sustaining the disciplined underwriting that defines our platform.”
Acquisition Particulars
Becoming a member of Peachtree is Barry Berlin, who will oversee the mixing of PMC’s lending enterprise and function senior advisor for government-regulated lending. On this function, he’ll assist the agency’s broader credit score platform by offering strategic steerage, regulatory experience, and institutional information. Berlin beforehand served as chief government officer of PMC, managing director of finance at CIM Group, and chief monetary officer and secretary of Artistic Media & Group Belief Company, PMC’s mother or father firm.
Additionally becoming a member of Peachtree is Laurie Ivy, who has served as president of PMC since 2020, overseeing day-to-day SBA operations. She’s going to proceed in that function whereas aiding Berlin with platform integration.
“Laurie brings deep operational experience and continuity to the PMC platform,” Friedman stated. “Barry provides many years of expertise throughout government-regulated lending and credit score oversight. Collectively, their complementary roles will assist a considerate integration and disciplined development technique.”
With the acquisition full, Peachtree will supply SBA 7(a) loans starting from $50,000 to $5,000,000 to assist enterprise acquisitions, actual property purchases, gear financing, working capital, and refinancing.
“Demand for SBA financing continues to speed up as small enterprise house owners search certainty, velocity, and trusted execution,” Ivy stated. “Changing into a part of Peachtree offers us the capital assets, infrastructure, and long-term dedication wanted to responsibly scale the platform whereas persevering with to assist entrepreneurs who depend on SBA loans to develop.”
PMC is one in every of solely 12 Small Enterprise Lending Firms licensed by the SBA to originate 7(a) loans and holds Most popular Lender Program standing, enabling delegated authority and expedited closings.
“Peachtree has constructed a differentiated funding platform with the dimensions self-discipline and entrepreneurial mindset to develop by altering market cycles,” Berlin stated. “We’re lucky to be becoming a member of a agency with such a powerful tradition, a long-term imaginative and prescient, and a confirmed skill to increase thoughtfully into new methods. This platform creates significant alternatives for continued development whereas staying true to the values which have pushed Peachtree’s success.”
