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Diversified Financial Services
FINANCIAL | Lending / Commercial
oakstreetfunding.com

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Founded Year

2003

Stage

Acquired | Acquired

Total Raised

$105M

Valuation

$0000 

About Oak Street Funding

Oak Street Funding is a family of diversified financial services companies that offers commission-based commercial financing exclusively for insurance professionals and third-party loan servicing for financial institutions.

Oak Street Funding Headquarter Location

8888 Keystone Crossing Suite 1700

Indianapolis, Indiana, 46240,

United States

866-625-3863

Latest Oak Street Funding News

Bank increases lending limit to CPA firms seeking mergers

Nov 3, 2021

1 Min Read REGISTER NOW Oak Street Funding, a First Financial Bank company that specializes in loans to CPAs, said it is doubling the lending limit for customers to support mergers and acquisitions, successions, technology investments and growth-focused initiatives at firms. The company said it is now providing loans of up to $30 million for CPA businesses in the niche vertical industries its lending team supports, a 50% increase in loan amounts previously available. Oak Street said its decision to increase capital available for CPAs’ business needs came in response to the current market, in which many firms are pursuing M&A deals and reviewing their succession plans as baby boomers continue to retire. “Recent data shows lending requests are trending upward,” said Oak Street Funding CEO Rick Dennen said in a statement Monday. “Meanwhile, business valuations have increased, with CPA practices seeing the cost of mergers, acquisitions, and other strategic opportunities climb beyond the comfort level of traditional capital sources. With the increase in our lending limit, Oak Street Funding continues to demonstrate our agility in quickly responding to the changing market.” The pace of M&A activity seems to have picked up this year, with a great many firms reporting deals in just the past few weeks as the economy continues to improve this year and firms need extra staff to grow amid an ongoing labor shortage.

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