Exos Small Business Lending Transitions to New Identity as Port 51 Lending

Exos Small Business Lending Becomes Port 51 Lending

In a significant development within the financial services industry, Exos Small Business Lending has announced its rebranding to Port 51 Lending. This transition comes on the heels of a major ownership shift, as MassMutual has acquired a majority stake in the company. Known for being among the top five non-bank Small Business Administration (SBA) lenders, this strategic move marks a new chapter aimed at enhancing the services provided to small business owners across the United States.

A Focus on Small Business Needs

Port 51 Lending is deeply committed to serving the small business community, a sector often recognized as the backbone of the nation’s economy. Brian Herr, the CEO of Port 51 Lending, highlighted the importance of these businesses, stating, "Small business owners are the backbone of our economy – driving innovation, creating jobs, and building communities." The newly established identity is designed to reflect this commitment and ensure that the company remains a primary resource for entrepreneurs seeking capital and support.

The rebrand also includes the launch of a new website, which embodies the fresh identity of Port 51. Accessible at www.port51.com, the platform showcases the company’s commitment to providing a streamlined and personalized experience for its clients. Port 51 Lending continues to specialize in SBA 7(a) loans, combining nationwide reach with a flexible credit philosophy tailored to meet various business needs.

Enhanced Services and Expertise

With the backing of MassMutual, Port 51 is well-positioned to expand its offerings and enhance the quality of service provided to clients. The integration of MassMutual’s extensive resources and expertise into the operations of Port 51 Lending aims to create a more robust financial platform. This transition will enable the company to offer competitive rates and attractive loan terms, ensuring that small businesses have access to affordable capital.

Furthermore, the presence of an in-house legal team is set to streamline the lending process, ultimately helping to minimize costs for clients. Port 51 Lending is dedicated to simplifying the borrowing experience while addressing the unique challenges faced by small businesses today.

A Strong Future Ahead

John Moshier, the President of Port 51 and the Chairman of the National Association of Government Guaranteed Lenders, expressed enthusiasm about the future of the organization. He remarked, "This is an exciting time for the company as we embark on this next chapter. We look forward to continuing to serve our clients, providing the same exceptional support to help them grow and expand their businesses." This sentiment captures Port 51's commitment not only to maintaining its level of service but also to improving it as they grow.

With a larger financial structure supporting its operations, Port 51 Lending is poised to become a leading Small Business Lending Company (SBLC). The company aims to cater particularly to small and underserved businesses, ensuring they have the capital needed to flourish.

Nat Barker, Head of Fixed Income Portfolio Management at MassMutual, emphasized the strategic value of this acquisition: "This transaction represents a unique investment opportunity within MassMutual's broad portfolio to help us deliver on our long-term commitments to our policyowners and customers. It supports our vision to provide financial well-being for all Americans."

As Port 51 transitions to its new name and prepares to leverage its expanded capabilities, it remains focused on providing continuity and high-quality service. The firm will operate independently under its new brand while continuing to deliver the level of service that existing clients have come to expect. Port 51 Lending is more than just a name change; it's a renewed commitment to empowering small businesses with the resources they need to succeed in an increasingly competitive landscape.