ATLANTA, Georgia, and DALLAS, Texas—Peachtree Group introduced it has accomplished the acquisition of First Western SBLC, LLC (previously often called First Western SBLC, Inc.), which operates as PMC Business Belief (PMC), a direct lender specializing in Small Enterprise Administration (SBA) 7(a) loans. PMC will proceed working below its present identify following the transaction, which obtained approval from the U.S. Small Enterprise Administration and closed.
“This marks an essential step ahead for our credit score enterprise,” mentioned Greg Friedman, Peachtree’s chief government officer and managing principal. “Based greater than 4 a long time in the past by my grandfather, Dr. Fred Rosemore, PMC brings a powerful legacy into Peachtree that strengthens our capacity 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 position, he’ll assist the agency’s broader credit score platform by offering strategic steering, 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 & Neighborhood Belief Company, PMC’s father or mother 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 position whereas aiding Berlin with platform integration.
“Laurie brings deep operational experience and continuity to the PMC platform,” Friedman mentioned. “Barry provides a long time of expertise throughout government-regulated lending and credit score oversight. Collectively, their complementary roles will assist a considerate integration and disciplined progress 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 homeowners search certainty, pace, and trusted execution,” Ivy mentioned. “Turning 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 all 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 size self-discipline and entrepreneurial mindset to develop by means of altering market cycles,” Berlin mentioned. “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 capacity to develop thoughtfully into new methods. This platform creates significant alternatives for continued progress whereas staying true to the values which have pushed Peachtree’s success.”
