“This acquisition will allow Peachtree to expand its credit platform while bringing the speed, creativity and certainty we’re known for into the SBA lending space,” said Friedman. “PMC was founded by my grandfather, Dr. Rosemore, over four decades ago to help entrepreneurs access capital and pursue their business goals. Bringing that legacy into Peachtree’s platform will be both personally meaningful and strategically important, enabling us to deliver fast, flexible financing solutions to small business owners nationwide.”
Peachtree plans to offer SBA 7(a) loans from $50,000 to $5 million to finance real estate or business acquisitions, equipment purchases, working capital and debt refinancing following the acquisition’s closing, the statement said.
Atlanta-based Peachtree is led by Friedman; Jatin Desai, managing principal and CFO; and Mitul Patel, principal.
Michael Harper, Peachtree’s president of hotel lending, said expanding into SBA lending is a natural extension of Peachtree’s integrated platform.
“With PMC’s PLP designation and focus on hotel owners and through the relationships we can leverage via our originations team, we can provide efficient capital for smaller transactions while supporting small business growth in hospitality and other industries,” he said. “This addition broadens our credit capabilities and strengthens our ability to deliver strong returns for investors.”
Founded in 1983, PMC provides capital to entrepreneurs and holds the SBA’s Preferred Lender Program designation, which allows it to place SBA guarantees on loans without prior SBA review for faster closings, the statement said.
Peachtree closed more than $2.5 billion in loans co-originated with insurance partners since its inception in 2007, expanding access to long-term capital and reducing its cost of funds. It combines private credit execution with institutional capital through 11 established relationships and others in development.
