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LaSalle Bank establishes a division solely for lending money to retailers

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LaSalle Business Credit, a subsidiary of Chicago-based LaSalle Bank, has announced the formation of a dedicated retail finance division to provide asset-oriented loans to retailers who seek financing for growth purposes, for refinancing or existing debt, for leveraged acquisitions and for restructuring needs.

The division, to be headquartered in Braintree, Mass. (with offices in Philadelphia and Washington, D.C., and 17 other locations throughout the U.S. and in Canada ), will be called LaSalle Retail Finance. It makes LaSalle Business Credit one of the top three retail asset-based lenders, along with Wells Fargo (San Francisco) and Fleet Retail Finance (Boston).

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