Title: Harvest Small Business Finance, LLC Closes Its Sixth Securitization of Owner-Occupied SBA 7(a) Unguaranteed Portions - $87.8 Million of Offered Notes Rated by Morningstar DBRS URL Source: https://www.businesswire.com/news/home/20251010014964/en/Harvest-Small-Business-Finance-LLC-Closes-Its-Sixth-Securitization-of-Owner-Occupied-SBA-7a-Unguaranteed-Portions---$87.8-Million-of-Offered-Notes-Rated-by-Morningstar-DBRS Published Time: 2025-10-10T13:00:00+00:00 Markdown Content: [](https://www.businesswire.com/)[Contact Us](https://www.businesswire.com/contact-us) [Contact Us](https://www.businesswire.com/contact-us) [](https://www.businesswire.com/) [Newsroom](https://www.businesswire.com/newsroom) Services & Solutions #### Services & Solutions ### [Services](https://www.businesswire.com/services)[Press Release Distribution](https://www.businesswire.com/services/distribution)[Visibility & Engagement](https://www.businesswire.com/services/press-releases)[Complimentary Features](https://www.businesswire.com/services/press-releases/features)[Investor Communications](https://www.businesswire.com/services/investor-relations)[Reporting & Analytics](https://www.businesswire.com/services/analytics) ### [Solutions For](https://www.businesswire.com/solutions)[PR Professionals](https://www.businesswire.com/solutions/pr-corporate-comms)[IR Professionals](https://www.businesswire.com/solutions/ir-professionals)[Agencies](https://www.businesswire.com/solutions/agencies)[Public Companies](https://www.businesswire.com/solutions/public-companies)[Explore by Industry](https://www.businesswire.com/solutions/industry) [![Image 4](https://www.businesswire.com/_next/image?url=https%3A%2F%2Fd1k42caodqw8lr.cloudfront.net%2Fsignup_megamenu_thumbnail_alt2_53ca7a0aae.webp&w=3840&q=75) Sign up for a Business Wire account today!](https://www.businesswire.com/sign-up/account) Resources #### Resources ### [Education](https://www.businesswire.com/resources-education)[Blog](https://www.businesswire.com/blog)[Research & Reports](https://www.businesswire.com/resources-education/guides)[Webinars & Events](https://www.businesswire.com/resources-education/webinars-events)[Videos](https://www.businesswire.com/resources-education/videos) ### [Why Business Wire](https://www.businesswire.com/why-business-wire)[Success Stories](https://www.businesswire.com/success-stories-testimonials)[Sample Press Releases](https://www.businesswire.com/resources-education/sample-press-release)[Our Partners](https://www.businesswire.com/partners)[Pricing](https://www.businesswire.com/pricing)[Careers](https://www.businesswire.com/careers) [![Image 5: Explore ways to use Business Wire features for your next news release](https://www.businesswire.com/_next/image?url=https%3A%2F%2Fd1k42caodqw8lr.cloudfront.net%2Fsamplepr_megamenu_thumbnail_7d291bae4a.webp&w=3840&q=75) Explore examples and press release best practices!](https://www.businesswire.com/resources-education/sample-press-release) [For Journalists](https://www.businesswire.com/media-journalist-tools) [Contact Us](https://www.businesswire.com/contact-us) Sign In Sign Up Oct 10, 2025 9:00 AM Eastern Daylight Time # **Harvest Small Business Finance, LLC Closes Its Sixth Securitization of Owner-Occupied SBA 7(a) Unguaranteed Portions - $87.8 Million of Offered Notes Rated by Morningstar DBRS** Share * * * LAGUNA HILLS, Calif.--([BUSINESS WIRE](https://www.businesswire.com/))--Harvest Small Business Finance, LLC (“HSBF”, “Harvest”) (**[http://www.harvestsbf.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.harvestsbf.com&esheet=54336977&newsitemid=20251010014964&lan=en-US&anchor=http%3A%2F%2Fwww.harvestsbf.com&index=1&md5=04bf4fff3606c8d9ff7d80accb4c2e07)**), one of the top non-bank originators of SBA 7(a) loans, closed its sixth securitization of SBA 7(a) unguaranteed portions, consisting of primarily first-lien CRE loans. Performance Trust Capital Partners, LLC acted as sole structuring agent and bookrunner and East West Markets, LLC acted as co-manager for the $87.8 million Harvest SBA Loan Trust 2025-1 transaction (“HSLT 2025-1”). HSLT 2025-1, is only the third REMIC structured securitization to be issued in the SBA space. Harvest utilized Morningstar DBRS, which assigned the ratings of A (low) (sf), BBB (low) (sf), and BB (high) (sf) to the Class A, Class B, and Class C Notes, respectively. HSBF leaders Adam Seery, Todd Massas and Jason Raefski stated the same message, “HSBF continues to demonstrate top tier performance and volume in the non-bank SBA 7(a) sector. If there is one thing the market appreciates, it’s consistency as a programmatic issuer. Moreover, we pride ourselves on setting the gold standard when it comes to originations, sound credit decisions and top of class employees.” **Deal Characteristics** Harvest SBA Loan Trust 2025-1 is Harvest’s sixth SBA 7(a) securitization and tenth issuance overall, including Harvest Commercial Capital, LLC. The deal structure features pro-rata payments to Class A, Class B, and Class C Notes. The transaction includes a 90-day prefunding period, during which up to 20% of additional collateral can be included in the transaction. Once the 90-day prefunding period is complete, the transaction will have a static collateral pool. As of the August 31, 2025 initial cut-off date, the collateral consisted of the unguaranteed portions of 374 SBA 7(a) loans with an aggregate unguaranteed principal balance of approximately $79 million. The collateral pool has a weighted average outstanding unguaranteed balance of approximately $211 thousand and a weighted average remaining term of 281 months. All of the loans pay monthly, maintain a quarterly adjustable interest rate based on the Prime Rate, and the pool primarily consists of 25-year, fully-amortizing loans. The obligors have a weighted average FICO of 736 and the properties used to collateralize the loans are all commercial real estate with a weighted average original LTV of 76.4%. The weighted average time in business of the underlying businesses is approximately 15.5 years. **Harvest Small Business Finance, LLC** Harvest Small Business Finance, LLC, a California limited liability company, was created to originate and service loans backed by owner-occupied, multi-purpose commercial real estate, in accordance with the Small Business Administration’s ("SBA") 7(a) loan program. The Company is a significant originator in a number of major markets throughout the United States, pursuant to the authority of a Small Business Lending Company (“SBLC”) license that it acquired in March of 2016. HSBF is majority owned by an affiliate of Medalist Partners, LP, an SEC registered investment manager with approximately $2.2 billion of net assets under management as of September 30, 2025, that invests predominantly in credit-based strategies. HSBF was founded in February 2016 and is based in Laguna Hills, CA. ## Contacts Adam Seery President/CEO 24422 Avenida De La Carlota, Suite 232 Laguna Hills, CA 92653 [Aseery@harvestsbf.com](mailto:Aseery@harvestsbf.com) [www.harvestsbf.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.harvestsbf.com&esheet=54336977&newsitemid=20251010014964&lan=en-US&anchor=www.harvestsbf.com&index=2&md5=1d92de789aa488de5bb467cf954a496e) Industry: * [Professional Services](https://www.businesswire.com/newsroom?industry=1000150) * [Finance](https://www.businesswire.com/newsroom?industry=1000074) ![Image 6: Harvest Small Business Finance, LLC Logo](https://mms.businesswire.com/media/20251010014964/en/2605752/4/HSBF_Logo.jpg) ### Harvest Small Business Finance, LLC * * * Release Versions [English](https://www.businesswire.com/news/home/20251010014964/en/Harvest-Small-Business-Finance-LLC-Closes-Its-Sixth-Securitization-of-Owner-Occupied-SBA-7a-Unguaranteed-Portions---%2487.8-Million-of-Offered-Notes-Rated-by-Morningstar-DBRS) * * * ### Contacts Adam Seery President/CEO 24422 Avenida De La Carlota, Suite 232 Laguna Hills, CA 92653 [Aseery@harvestsbf.com](mailto:Aseery@harvestsbf.com) [www.harvestsbf.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.harvestsbf.com&esheet=54336977&newsitemid=20251010014964&lan=en-US&anchor=www.harvestsbf.com&index=2&md5=1d92de789aa488de5bb467cf954a496e) More News From Harvest Small Business Finance, LLC Get RSS Feed ## [Harvest Commercial Capital Merges with Crossroads Impact Corp. to Expand Small Business and Community Lending](https://www.businesswire.com/news/home/20260223317928/en/Harvest-Commercial-Capital-Merges-with-Crossroads-Impact-Corp.-to-Expand-Small-Business-and-Community-Lending) LAGUNA HILLS, Calif.--([BUSINESS WIRE](https://www.businesswire.com/))--Harvest Commercial Capital, LLC (HCC), a leading nationwide originator of owner-occupied small business real estate loans, today announced its merger with Crossroads Impact Corp (CRSS). This strategic merger combines HCC’s commercial lending expertise with Crossroads’ residential lending success through its operating certified Community Development Financial Institution (CDFI) subsidiary. The merger significantly expands their collective ability to provide... ![Image 7: HSBF_Logo.jpg](https://mms.businesswire.com/media/20260223317928/en/2726910/21/HSBF_Logo.jpg) ## [Harvest Commercial Capital, LLC Closes Its Fourth Securitization of First-Lien SBA 504 Loans and Conventional Real Estate Loans - $264.6 Million of Offered Securities Rated by DBRS, Inc](https://www.businesswire.com/news/home/20250220252236/en/Harvest-Commercial-Capital-LLC-Closes-Its-Fourth-Securitization-of-First-Lien-SBA-504-Loans-and-Conventional-Real-Estate-Loans---%24264.6-Million-of-Offered-Securities-Rated-by-DBRS-Inc) LAGUNA HILLS, Calif.--([BUSINESS WIRE](https://www.businesswire.com/))--Harvest Commercial Capital, LLC (“HCC”) (http://www.harvestsbf.com), the nationwide non-bank leader in owner-occupied small balance commercial real estate loans, securitized $264.6 million of first-lien, SBA 504 and conventional fixed rate commercial real estate loans that the company references as HCCLT 2025-1. The transaction was led by Mizuho Securities USA, LLC with Performance Trust Capital Partners serving as Joint Bookrunner. DBRS, Inc assigned a “A... ![Image 8: HSBF_Logo.jpg](https://mms.businesswire.com/media/20250220252236/en/2388510/21/HSBF_Logo.jpg) ## [Harvest Small Business Finance, LLC Closes Its Fifth Securitization of Owner-Occupied First-Lien SBA 7(a) Unguaranteed Portions - $95.2 Million of Offered Notes Rated by Morningstar DBRS](https://www.businesswire.com/news/home/20241205419427/en/Harvest-Small-Business-Finance-LLC-Closes-Its-Fifth-Securitization-of-Owner-Occupied-First-Lien-SBA-7a-Unguaranteed-Portions---%2495.2-Million-of-Offered-Notes-Rated-by-Morningstar-DBRS) LAGUNA HILLS, Calif.--([BUSINESS WIRE](https://www.businesswire.com/))--Harvest Small Business Finance, LLC (“HSBF”) (http://www.harvestsbf.com), one of the top non-bank originators of SBA 7(a) loans, closed its fifth securitization of the unguaranteed portions of primarily first-lien SBA 7(a) CRE loans. Performance Trust Capital Partners, LLC acted as sole structuring agent and East West Markets, LLC acted as co-manager for the $95.2 million Harvest SBA Loan Trust 2024-1 transaction (“HSLT 2024-1”). HSLT 2024-1 is only the se... ![Image 9: HSBF_Logo.jpg](https://mms.businesswire.com/media/20241205419427/en/2323398/21/HSBF_Logo.jpg) [Back to Newsroom](https://www.businesswire.com/newsroom) ![Image 10: Harvest Small Business Finance, LLC Logo](https://mms.businesswire.com/media/20251010014964/en/2605752/4/HSBF_Logo.jpg) ### Harvest Small Business Finance, LLC * * * Release Versions [English](https://www.businesswire.com/news/home/20251010014964/en/Harvest-Small-Business-Finance-LLC-Closes-Its-Sixth-Securitization-of-Owner-Occupied-SBA-7a-Unguaranteed-Portions---%2487.8-Million-of-Offered-Notes-Rated-by-Morningstar-DBRS) * * * ### Contacts Adam Seery President/CEO 24422 Avenida De La Carlota, Suite 232 Laguna Hills, CA 92653 [Aseery@harvestsbf.com](mailto:Aseery@harvestsbf.com) [www.harvestsbf.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.harvestsbf.com&esheet=54336977&newsitemid=20251010014964&lan=en-US&anchor=www.harvestsbf.com&index=2&md5=1d92de789aa488de5bb467cf954a496e) ## Wish your news had this kind of reach? 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