This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Sunwest Bank Increases Tidalwave Finance Corporation’s Revolving Credit Line To $6 Million

Sunwest Bank (OTC: SWBC) has announced that it has increased the revolving credit line for Tidalwave Finance Corporation of Santa Ana, California to $6 million in recognition of the company’s success and strong financial position in the challenging automobile financing market.

Led by company President Ted Beresford, Tidalwave is an indirect automobile finance company that buys notes receivable from auto dealers in Southern California.

Tidalwave was the first client of the bank’s Specialty Finance Group based in Irvine that provides rediscount lines of credit to lenders, such as automobile finance companies like Tidalwave, and to others.

The Group is building a solid reputation for understanding the unique financial needs of niche industries many other banks are unable or unwilling to assist.

“The economic pressures that have forced many buyers out of the new-car market to seek a less expensive alternative have been good news for used car sales, and accordingly, for finance companies like Tidalwave,” said Sunwest Bank’s Matt Rogers, a senior vice president and team leader. “We took the time to understand their business model and now are delighted to count Tidalwave as one of our preferred clients.”

According to Sunwest Bank’s CEO Glenn Grey, one reason for the rapid success of the Group is the practice of carefully selecting relationship managers who understand the industries the bank wishes to fund, speak the language of their customers, and know the issues unique to their businesses – a huge advantage for evaluating funding options.

With nearly 40 years in business, Sunwest Bank is one of the strongest community banks in the western region of the United States. The bank specializes in meeting the needs of small and mid-size businesses, is an industry-recognized leader in homeowner association management banking, and has specialties in healthcare and assisted living related businesses.

Additional information can be found at http://www.sunwestbank.com/.



Stock quotes in this article: SWBC 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs