MassMutual acquires majority stake in Exos

Exos Small Business Lending, one of the top five non-bank Small Business Administration lenders, will now do business as Port 51 Lending. The rebrand follows the recent purchase of majority ownership of Port 51 by MassMutual.

In conjunction with its rebranding, Port 51 has launched a new website, consistent with its new brand identity.

Port 51 offers “deep expertise” in SBA 7(a) loans, combining nationwide reach with a “flexible credit philosophy” to support the needs of small businesses.

The company will continue to operate independently.

“Small business owners are the backbone of our economy – driving innovation, creating jobs, and building communities. Our new identity reflects our continued commitment to provide small businesses with a seamless, specialized lending experience and aligns with MassMutual’s long-term approach.” – Brian Herr, Chief Executive Officer of Port 51 Lending.

“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.” – John Moshier, President of Port 51 and Chairman of the National Association of Government Guaranteed Lenders.

“We look forward to helping Port 51 grow into a leading non-bank SBA lender that provides small and underserved businesses with access to the capital and services they need to succeed. 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. Additionally, it aligns with our vision to provide financial well-being for all Americans.” – Nat Barker, Head of Fixed Income Portfolio Management at MassMutual.