ABL

Chris Lehnes Joins North Mill Capital as SVP/BDO

By Joyce C. Dimaculangan

Veteran small business lender Chris Lehnes was recently appointed as Senior Vice President and Business Development Officer of Princeton-based North Mill Capital LLC. In his new role, Lehnes will work with businesses that require credit facilities between $100,000 and $30 million and grow North Mill Capital’s asset-based lending and factoring relationships with them.

Chris Lehnes North Mill CapitalLehnes brings to the company over two decades of experience in the industry. Before joining North Mill Capital, he served as Senior Vice President of loan originations for Gibraltar Business Capital, where he was in-charge of originating factoring and asset-based lending transactions for a regional commercial finance company.

In addition, he has experience with business development of non-recourse factoring programs involving small and medium-sized businesses. His background includes handling loan documentation, credit analysis, operations management, marketing, as well as business development at CIT Small Business Lending and Business Loan Express.

Lehnes obtained a BA in Economics and Business from Lafayette College. He is a member of several organizations, including Turnaround Management Association, BCA Business Development Group – Westport Group, Stamford Business Group and Association for Corporate Growth.

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Marc Heller Named CIT Commercial Services President

By Joyce C. Dimaculangan

CIT Group announced the appointment of Marc Heller as President of CIT Commercial Services. Before his promotion, he was CIT Commercial Services’ Northeast Regional Manager and International Manager. He will report directly to CIT Business Capital President Steve Solk.

Marc Heller CITHeller brings to his new role over 40 years of banking experience. Prior to joining CIT in January 2004, he served as HSBC Business Credit’s Executive Vice President and Regional Manager in New York.

Referring to Heller’s appointment, Solk said, “He’s played an important role within CIT Commercial Services and is well regarded for developing and growing client relationships and for delivering best-in-class financing solutions. I’m looking forward to working with Marc and his team as they continue to develop and expand our factoring and financing platform.”

Heller is a recipient of a number of industry awards, including the Financial Services Industries Award from the American Jewish Congress, the Partners in Kindness Award from Sephardic Bikur Holim and the Community Achievement Award from ORT.

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Richard O’Keefe Tapped as ABL/BDO at Southern Bank

By Joyce C. Dimaculangan

Richard O’Keefe has been named Business Development Officer with a specialty in commercial lending  at The Southern Bank Company. In his new role, O’Keefe is responsible for developing new business opportunities, creating customized financial solutions as well as building the Bank’s brand among the commercial finance community.

Richard O’Keefe The Southern Bank CompanyO’Keefe brings an extensive experience in commercial finance with many years working in asset-based lending and factoring business development roles to The Southern Bank Company.

Most recently, he served Advance Financial Corporation as a Business Development Officer, where he worked closely with startup and growth-oriented companies by crafting tailored working capital solutions to meet their changing business needs.

“Richard brings a level of expertise to the bank that supports our growing focus on providing financing for businesses who are looking for alternative, or non-traditional financing options,” remarked Gates Little, President of The Southern Bank.

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Steve Janson Named SVP at MB Business Capital

By Joyce C. Dimaculangan

MB Business Capital has named Steve Janson as Senior Vice President. Based in the company’s new office in Charlotte, North Carolina, Janson will be responsible for new business development in North Carolina, South Carolina, and Southeast and Southwest Virginia.

Steven Janson MB Business CapitalJanson brings to his new role over 22 years of experience in the banking and finance industry. He has an extensive background in asset based lending and has been recognized as a top producer with Chairman’s Circle award for sustained excellence in business development. Throughout his career, he has sourced credit facilities from $8MM to $200MM.

Prior to joining MB, he served BB&T Asset Based Lending as a Senior Vice President focused on manufacturing, distribution and business services. He has also had experience at PNC Business Credit, LaSalle Business Credit, Delta Air Lines and Credit Suisse First Boston and NationsBank.

“We are very happy to welcome Steve Janson to our team and to be opening a new office in Charlotte as part of our growth initiative,” said Mike Sharkey, President of MB Business Capital.

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Kevin Nowak Hired as SVP at TCF Capital Funding

By Joyce C. Dimaculangan

TCF Capital Funding welcomes seasoned leveraged lender Kevin Nowak as Senior Vice President. Nowak brings to his new role over 16 years of experience in the sponsor finance market, with most of that time focused on the lower middle market.

Kevin Nowak TCF Capital Funding“We are very excited to have Kevin join our team,” remarked Joe Gaffigan, TCF Capital Funding’s President. “Kevin’s extensive lending experience and lower middle market relationship focus make him an important addition to our team as we continue to serve our growing national portfolio of clients.”

Previously, Nowak served as Director for Fifth Third Bank, where he was responsible for business development, transaction execution, underwriting and portfolio management. During his tenure there, he developed substantive relationships with private equity sponsors and expanded the group’s presence in the Northeast US.

Before Fifth Third Bank, he spent five years of his career with MFC Capital Funding as Vice President. Previously, he was an Associate at BMO Capital Markets.

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Jack Louden Tapped as BDO at Triumph Business Capital

By Joyce C. Dimaculangan

Triumph Business Capital, provider of invoice factoring solutions to small and medium sized businesses, announced that Jack Louden has joined the company as Vice President, Business Development Officer. As VP, he is in charge of promoting Triumph Business Capital’s general factoring services in the West and Midwest regions.

Jack Louden Triumph Business CapitalLouden has more than 20 years of experience in business to business sales and finance. He joins Triumph Business Capital from Riviera Finance, where he served as Business Development Manager responsible for delivering cash flow solutions to the Colorado and Wyoming market.

Previously, he was self-employed for 18 years where he recruited, trained and managed sales associates and managers.

“Jack brings the right amount of experience and skill to promote our general factoring service to small and medium size businesses in a range of industries, from temporary staffing to manufacturers to government contractors,” commented Blaine Waugh, Senior Vice President, Business Development.

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Nancy Kalman Added as VP at Triumph Business Capital

By Joyce C. Dimaculangan

Triumph Business Capital welcomes seasoned sales executive Nancy Kalman as Vice President, Business Development Officer. In her new role, Kalman will promote the company’s general factoring services in the West and Midwest regions.

Nancy Kalman Triumph Business Capital“Triumph Business Capital is perfectly positioned to continue its leadership in transportation finance as well as offering non-transportation small and medium sized enterprises a comprehensive and competitively priced general factoring product,” said Blaine Waugh, Senior Vice President, Business Development.

Kalman joins Triumph Business Capital with over 20 years of experience in the financial services industry and an extensive background in the secured lending market place. Her areas of expertise include commercial lending, financial modeling, and asset based lending.

Most recently, she handled Business Development at Hilco Trading Company. She also worked for Bank of America Business Credit, FGI Finance, and Wells Fargo Trade Bank.

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MB Business Capital Taps Susan Davis as SVP

By Joyce C. Dimaculangan

MB Business Capital announced the hiring of Susan M. Davis as Senior Vice President, Relationship Manager. Davis will be in charge of managing a portfolio of asset based lending customers. She will be based in Rosemont, Illinois.

MB Business Capital“We are so glad to have Susan join the MB team. Her years of asset based lending experience and knowledge will be an outstanding addition to our talented team,” commented Mike Sharkey, President of MB Business Capital.

Davis has over two decades of experience in asset based lending, including portfolio management, underwriting, loan work-outs and field examination.

Prior to joining MB Business Capital, she served Bank of America Business Capital/LaSalle Business Credit. During here tenure there, she managed a portfolio of asset based loans. Before that, she worked for Fremont Financial Corporation, Asset Based Lending Consultants, LLC, and SunTrust.

Davis earned a Bachelor of Science degree in Finance from Florida State University.

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CIT Names Steve Solk as CIT Business Capital Pres

By Joyce C. Dimaculangan

CIT announced that Steve Solk is joining the company as President of CIT Business Capital. In this capacity, Solk is responsible for CIT’s Direct Capital, Capital Equipment, Equipment Finance, and Commercial Services businesses. He brings to his new role more than 25 years experience in the banking and finance industry, with roles in Asset Based and Equipment financing.

Steve Solk CITPrior to joining CIT, he served as Executive Vice President of Commercial Finance at RBS Citizens Bank and a member of Citizens’ Executive Leadership Group based in Stamford, Connecticut. During his tenure there, he was in charge of four commercial banking specialty businesses, which included Franchise Finance, Business Capital, Asset Finance and Commercial Real Estate.

Before RBS/Citizens, Solk worked as Senior Vice President, Central Pennsylvania Market Manager for Commerce Bank of Harrisburg responsible for retail banking, and consumer and commercial lending for Central Pennsylvania. Previously, he spent more than 21 years with Citi, where he last served as Executive Vice President.

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Nations EF Hires Bailey Turner as VP, Business Dev’t

By Joyce C. Dimaculangan

Nations Equipment Finance is pleased to announce that Bailey Turner has joined the company as Vice President of Business Development. In his new role, Turner will be responsible for growing Nations’ lease and loan origination activities in the Midwest U.S.Nations Equipment Finance

Turner has more than 10 years of experience in sales and business development, the latter of which was spent in the equipment financing industry. He specializes in sales management, loans, and finance. Most recently, he served as a National Sales Manager for Onset Financial with responsibilities covering the greater Salt Lake City area.

“Bailey’s experience and structuring knowledge compliments the way we do business here at Nations,” commented Randy Hicks, EVP of Nations. “Hiring Bailey is part of our continuous commitment to being a leader in our industry. Nations is known for providing customized financing solutions to its clients and we are confident that Bailey will use those solutions to meet and exceed the needs of his clients.”

“Joining the Nations team is an exciting endeavor for me and a great opportunity to work with true industry professionals,” remarked Turner. “It will allow me to be part of the continued growth here at Nations and better serve the financing needs of my clients.”

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