Category Archives: ABL

ABL

Rosenthal Hires Robert Miller as ABL Head

By Joyce C. Dimaculangan

Rosenthal & Rosenthal welcomes Robert A. Miller as Executive Vice President and head of Asset Based Lending. In his new role, Miller will be responsible for the company’s Asset Based Lending division.

Robert Miller Rosenthal & RosenthalMiller brings more than 30 years of experience in financial services to Rosenthal. Most recently, he served as SVP of the sponsor and specialty finance group at Webster Bank, where he developed a niche in Financial Services and paved the way for the creation of a new Financial Services Vertical.

Previously, he served GE Capital, where he was in charge of a diverse portfolio of cash flow, asset based, and asset backed loans comprising over $500 million in commitments. In addition, he was employed in several Connecticut-based banks, giving him an extensive background both in asset based lending and commercial banking.

Peter Rosenthal, President of Rosenthal, disclosed that the company is excited to have Miller on board. “With a proven track record for successfully managing all aspects of Asset Based Lending, Rob’s skills are well suited to lead Rosenthal’s development efforts as we continue in our mission to deliver an unparalleled level of personalized service to our clients.”

EVP and Head of Marketing Kenneth Rosenthal Kleiner added that, “Rob’s diverse experience, and industry expertise give us the confidence that our company will continue to grow and remain an industry leader.”

Miller obtained a B.S. Degree in Finance from Ithaca College and MBA from Lubin School of Business at Pace University.

About Rosenthal & Rosenthal, Inc.
Rosenthal & Rosenthal, Inc. offers asset-based factoring services and products for growing mid-market companies including accounts receivable, inventory and intellectual property. The company was founded in 1938 and is based in New York, New York. To know more, go to www.rosenthalinc.com.

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Preston Hollow Adds Albarran as Managing Director

By Joyce C. Dimaculangan

Dallas-based merchant bank Preston Hollow Capital, LLC is pleased to announce that Ramiro Albarran has joined the company as Managing Director and Head of Origination. In his new role, Albarran will oversee the firm’s asset origination activities and build out a team dedicated to working collaboratively with the broker-dealer and financial advisor communities, borrowers and investors.

Ramiro Albarran Preston Hollow CapitalAlbarran brings to Preston Hollow Capital more than 26 years of experience in originating and structuring complex municipal, real estate and infrastructure transactions.

Prior to Preston Hollow Capital, Albarran most recently led the Municipal and Infrastructure Finance Group at Guggenheim Securities. Before that, he served as Managing Director at Stone & Youngberg and was an investor at Starwood Infrastructure. He also held several senior positions at Bank of America, including leading its Public Finance efforts and the department’s real estate related activities.

Throughout his career, he has originated and structured a variety of complex municipal transactions, as well as unique financings for 7 World Trade Center, the Bank of America Tower in New York, and the Harbor Point project in Stamford, Connecticut, the latter having been one of the largest tax increment financings completed since the recession.

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Citizens Bank Hires Patrick Moody as Director

By Joyce C. Dimaculangan

Citizens Bank announced that Patrick Moody has joined the business as a Director and Senior Business Capital Originator for Citizens Commercial Banking. Moody has more than 10 years of experience in all aspects of asset-based lending, including business development, portfolio management, underwriting, and market development throughout Alabama, Georgia, Florida, Mississippi and Tennessee.

Patrick Moody Citizens BankBefore joining Citizens Bank, Moody served as Vice President at First Capital in Atlanta, where he was in charge of new business development throughout the Eastern United States.

Previously, he held the position of Managing Director and Sales Team Leader at SunTrust Bank, and Vice President at Wachovia Bank. He also held various management positions within the manufacturing industry.

“Patrick has great experience in the Atlanta market and beyond. He’s very accomplished and well-respected in the business community,” said Chris Carmosino, President of business capital for Citizens Commercial Banking.

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Scoggins Joins TAB Bank’s Business Devt Team

By Joyce C. Dimaculangan

TAB Bank welcomes Chip Scoggins to its business development team as Vice President and Business Development Officer, as the Bank expands its footprint in terms of geography and business opportunities. As BDO, Scoggins is responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial businesses with annual revenues of $2 million to $150 million.

Chip Scoggins TAB BankTo be based in Dallas, Texas, Scoggins brings more than 30 years of experience in the commercial finance and banking industries to TAB Bank.

His background includes asset-based lending, factoring, healthcare finance, and purchase order financing to small- and medium-sized commercial businesses in the Southwest and across the United States.

In addition to his experience in new business development, he has a strong background in structuring customized working capital solutions to a wide base of businesses from many industries.

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NewStar Names Frank as SVP in Philadelphia Office

By Joyce C. Dimaculangan

NewStar Business Credit announced that Kenneth Frank has joined the business as Senior Vice President to be based in its Philadelphia office. In his new role, Frank is responsible for helping the expansion of NewStar’s marketing and origination efforts in the Mid-Atlantic area, focusing on generating new asset-based financing opportunities with mid-market companies.

Kenneth Frank NewStar FinancialFrank has 30 years of experience in the finance industry, with a strong background in structuring, originating, underwriting, and managing debt financings for middle market firms.

Prior to joining NewStar, he served as Senior Vice President, Asset Based Lending at Santander Bank for almost four years. His experience also includes serving top leadership roles at several banking institutions, including as Senior Business Development Officer at Webster Bank, and SVP at Sovereign Business Capital, and Bank of America Business Capital.

Frank looks forward to working with the NewStar team. “After working for years with middle market companies to provide financing solutions, I am confident that NewStar Business Credit will provide a great platform for me to offer creative and flexible financing options to clients,” he said.

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Federal National Names Fraser as Senior BDO

By Joyce C. Dimaculangan

Federal National Commercial Credit announced that Ron Fraser has joined the business as Vice President, Senior Business Development Officer. Fraser has more than 25 years of experience in banking and commercial finance, with over 15 years in factoring and asset-based lending in the Northeast. He is based in Worcester, Massachusetts.

Ron Fraser Federal National Commercial CreditFraser has held top leadership roles at various public and private banks and commercial finance companies. His roles focused on new business development and building relationships with referral partners.

Prior to joining Federal National, he served as an Affiliated Consultant at Northeastern Banking Services Group for more than six years. Before that, he worked at Republic Business Credit, Hamilton Capital Resources, and FISI Madison Financial.

His experience with rapid growth companies over the years gave him insight in developing solutions and strategies to improve cash flow for growth. His expertise includes asset-based lending, business development, and commercial lending.

“I am very excited to have Ron as part of Federal National. He will be a great addition as the company continues to expand its new business origination team,” said Andy Osborn, National Sales Manager.

Fraser is a graduate of Assumption College. In addition to his banking career, he is actively engaged in the community. He is a member of the Turnaround Management Association and the Venture Forum. He also serves as the Vice President for the Worcester Rotary Club and is a Director for the 365Z Foundation.

About Federal National Commercial Credit
Federal National Commercial Credit specializes in providing short-term working capital through accounts receivable financing to government contractors and other small businesses that may not qualify for traditional banking. The company was founded in 1992 and is based in Bethesda, Maryland. Additional information is available at www.federalnational.com.

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GCBC Hires Talton as VP, BDO

By Joyce C. Dimaculangan

Gulf Coast Business Credit welcomes Jeremy Talton as Vice President, Business Development Officer for the Houston, Texas market. Talton brings more than two decades of experience in the financial service industry to GCBC.

Jeremy Talton Gulf Coast Business CreditThroughout his career, he held senior management roles at several banking institutions, giving him a strong background in personal, business, commercial, and investment banking.

Prior to joining GCBC, Talton served as Vice President, Commercial and Healthcare Lending at Mercantil Commercebank N.A.

Previously, he was a Senior Vice President at Plains State Bank, and a Vice President at Coamerica Bank. He also spent ten years at Wells Fargo as a Vice President in the Business Relationship, and Private Banking divisions.

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Nations EF Expands Presence in Central U.S.

By Joyce C. Dimaculangan

Nations Equipment Finance welcomes Robert Lewis as Vice President, Business Development. In this capacity, Lewis will be responsible for the company’s lease and origination activities in Colorado, Kansas, Minnesota, Nebraska, and Oklahoma. He will be based at the company’s office in Los Angeles, California.

Robert Lewis Nations Equipment FinanceLewis brings more than 10 years of experience in the financial services industry, five years of which were spent in equipment finance, in his new role.

Before joining Nations, he served as National Account Manager at First National Corporation in Foothill Ranch, California. He also worked at Atlantis Trading Corporation as President for three years.

“I am really excited to come on board and be with a true direct lender. Nations has a strong team and a streamlined decision making process which will help me to better serve my clients,” Lewis commented.

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ExpoCredit Hires Chefec as Business Devt Director

By Joyce C. Dimaculangan

ExproCredit announced that Joshua H. Chefec has joined the business as Assistant Vice President. In this capacity, Chefec is responsible for driving new business development for the Northeast region. He is based at the company’s office in Manhattan.

Joshua Chefec ExpoCreditPrior to joining ExpoCredit, Chefec served as the Assistant Vice President and before that, as a sales associate at FGI Capital.

With FGI, he originated, structured, and executed capital raising transactions to support leveraged buyouts, recapitalizations, and refinances through placement of senior debt, subordinated & hybrid products, unsecured debt, and asset-based loans with deal sizes up to $100 million.

Previously, he worked with Morgan Stanley Smith Barney in New Orleans and Wells Fargo Advisors, and served as a Summer Analyst for J.P. Morgan Securities in New York.

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Allin Joins Triumph Commercial Finance as SVP

By Joyce C. Dimaculangan

Triumph Commercial Finance announced that James “Jim” Allin has joined the business as Senior Vice President. In this capacity, Allin will lead the company’s asset-based lending and commercial factoring business.

James Allin Triumph Commercial FinanceAllin brings over three decades of experience in banking and financial services to his new role. Before joining Triumph, he served as a Senior Vice President at Bank of America Business Capital.

Throughout his career, he has held various executive management roles in several financial institutions, including as Senior Vice President – Area Manager, RBS Business Capital at Citizens Financial Group and Business Development Officer at Bank of America Business Capital. His experience also includes working at GE Commercial Finance, Fleet Capital Corporation, and The CIT Group/Business Credit, Inc.

Triumph looks forward to having Allin on board. Dan Karas, Chief Lending Officer at Triumph Savings Bank, SSB, said Allin’s wealth of experience in asset-based lending will be beneficial to the organization and the businesses they serve.

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