Indiana-based Oak Street Funding a commercial lender to financial services business nationwide, is relocating its offices from Carmel to Indianapolis.
The company said in its announcement that the move will 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.
Oak Street Funding now occupies the top two floors of 8888 Keystone Crossing in Indianapolis. Additional staff will be hired for its sales, marketing and commercial loan servicing areas.
Source: Oak Street Funding
Topics Mergers & Acquisitions
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