INDIANAPOLIS (July 12, 2016) – Oak Street Funding, a commercial lender to financial services business nationwide, is relocating its offices to accommodate recent and projected future growth.
Oak Street Funding has driven significant growth since its start with insurance lending in 2003. The company has more than quadrupled its revenue over the past five years, increased its maximum loan size to $20 million, and has expanded its products to meet the changing needs of insurance businesses. Oak Street now has its sights on providing financing to other industries and has embarked upon an expansion strategy.
“Emerging industries with intangible assets like future commissions and fees continue to create demand for cash-flow financing,” said Oak Street Funding CEO Rick Dennen. “As we’ve continually met this demand with products that address the unique needs of businesses throughout their lifecycles, we’ve grown, and our goal is to make a difference in other industries like we have in insurance,” Dennen added.
Beginning July 11, 2016, Oak Street Funding will occupy the top two floors of 8888 Keystone Crossing in Indianapolis, Indiana, a move from its current location in Carmel, Indiana. Additional staff will be hired for its sales, marketing and commercial loan servicing areas.