National Bank Holdings Corp. has formed a new specialty finance division, NBH Capital Finance, which will focus on making loans to lower middle-market companies.

Greenwood Village, Colo.-based NBH Capital will provide loans to companies in Colorado, Kansas, Missouri and Texas. The lender will provide structured loans and asset-based loans, secured by a company’s accounts receivable or inventory.

Chris Randall, previously the founder of CoBiz Structured Finance, will lead the company as executive vice president.

National Bank is a bank holding company that builds bank franchises. The company operates 101 full-service banks, mostly in Colorado or Kansas. National Bank operates through NBH Bank NA.

The deal follows Fifth Street Finance Corp.’s May 8 announcement that it is buying Healthcare Finance Group, a lender that focuses on asset-based loans. That acquisition will allow Fifth Street to offer asset-based loans through Healthcare Finance, something it was not previously able to do. 

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