FINANCE
Prime Business Credit Acquires Asiana Capital
Prime Business Credit, which has offices in Los Angeles and New York, announced it acquired Asiana Capital, another commercial finance company in Los Angeles.
Prime Business Credit, with a number of clients in the apparel and textiles business, did not disclose an acquisition price for Asiana.
Founded in 1999, Prime Business Credit has 35 employees on the East and West coasts. Asiana Capital will operate as an independent subsidiary of Prime Business Credit.
“We are very pleased to have completed this acquisition as it will increase PBC’s coverage of the commercial financing community,” said Justin Chae, PBC’s president. “We are eager to tap into Asiana Capital’s rich experience and deep relationships, which will complement our existing factoring and trade finance platform.”
