Friendly Hills Bank launched a specialty lending group dedicated to providing financing solutions for commercial trucks and vehicles. The newly formed truck lending group will provide capital for the purchase and/or refinance of on-road medium duty (gas/diesel/alternative fuel) and heavy duty (diesel/alternative fuel) vehicles through direct funding, including grants from the California Air Resources Board (CARB) and additional support under the California Capital Access Program (CalCAP).
With Friendly Hills Bank’s Southern California footprint, the truck lending group will provide banking services to vendors, dealers, independent owner operators and small fleet owners based in California. The group is currently accepting credit applications of up to $250,000.
A group of veteran bankers, led by Marc Merino as executive vice president and director of specialty lending, joined Friendly Hills Bank to spearhead this new effort. The group’s team brings nearly 50 years of combined experience and previously worked together in a similar capacity at a commercial bank.
“The introduction of our new truck lending group represents a significant step in Friendly Hills Bank’s strategic plans to better serve California’s underserved market and make a lasting impact on the community,” Nathan Rogge, president and CEO of Friendly Hills Bank, said. “Our new line of business is just one of our many areas of expertise and we look forward to better serving the banking needs of small-to-medium sized businesses throughout Southern California.”
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