Steelbanc publishes 2025 Annual Report.
The firm closed $310M of new commitments across 28 borrowers in 19 states in FY2025. Cumulative committed capital reached $640M since 2022. Net income for FY25 totaled $9.8M.
Steelbanc Holdings, Inc. today published its 2025 Annual Report, the firm’s third annual report since incorporation in 2022. The audited report documents fiscal year 2025 originations of $310 million across 28 new borrowers in 19 states, a 41.6 percent increase over fiscal year 2024.
Cumulative committed capital reached $640 million at year end. The firm recorded GAAP net income of $9.8 million for the year, its first profitable year of operations. Net charge-offs against committed capital, measured cumulatively since inception, totaled 18 basis points.
The report is available in full at steelbanc.com/annual-report-2025 and was audited by an independent registered public accounting firm.
“This year’s report is the first in which the firm has been profitable in any conventional sense,” the chair and chief executive officer noted in the accompanying letter. “That milestone matters less to us than the credit performance underneath it, which is the measure we will be remembered by.”
Steelbanc is a specialty commercial lender purpose-built for North American manufacturers. Founded in 2022 and headquartered in New York with an office in Chicago, the firm provides senior secured credit, equipment finance, and working capital facilities to mid-market industrial operators across the United States and Canada. Learn more at steelbanc.com.
Steelbanc Press Desk — press@steelbanc.com