Daily News: June 19, 2013

Commercial Finance Vet Joins Porter Capital as SVP

Porter Capital announced that Steven R. Bellah joined the company as senior vice president and national sales manager. Bellah has 20-plus years of commercial finance, managerial and consulting experience. He has managed complex transactions such as management buyouts, leveraged buyouts, turnarounds, debtor-in-possession financing, changes of control and special situations.

Bellah’s experience includes extensive work in working capital management, cash-flow management, profitability analysis, asset-based lending, subordinated capital, securitizations, leasing and factoring.

Bellah has worked with all facets of commercial finance, ranging from new business origination to loan work-outs. Before joining Porter Capital, he was a managing director at the Clear Thinking Group, an international management consulting firm, and was primarily involved in on-site, client projects at distressed companies involving operational challenges, financial restructuring, or forensic investigations.

Bellah was also a director of Silver Spring Securities, a registered broker-dealer which was affiliated with a billion dollar specialty finance fund focusing on asset-based lending and private equity investments. He held a senior vice president/business development officer position at Wells Fargo Retail Finance, and was a division manager at Wells Fargo Business Credit.

He was also managing director and region manager for GE Capital’s Commercial Finance division, where he directed new business development as well as credit and operations functions. Bellah was vice president and region manager for The CIT Group/Business Credit and founded CIT’s Southwest Region.