Daily News: May 7, 2014

Gibraltar Business Capital Expands Tech Unit with New Hire

Gibraltar Business Capital has hired Mark Sperling to serve as vice president of the company’s newly formed Gibraltar Technology Finance unit.

Recognizing the unique financing needs of the technology sector, the new unit will focus on making non-dilutive growth capital available to software and technology companies across the US.

Sperling brings more than 15 years of financial and business development expertise and joins Scott Chamberlin, SVP Loan Originations, who helped develop the company’s technology finance team out of the Boston office. Together they will oversee engagement in the technology sector nationwide.

Sperling brings to this role over 15 years of experience working with the technology sector, and will continue this focus for Gibraltar with an emphasis on asset based and recurring revenue for companies nationwide.

Most recently, he had worked with Cambridge Savings Bank to help grow their nascent Commercial Lending Group in the Boston area. Previously, the majority of his career was spent at Silicon Valley Bank, where he helped grow its Specialty Finance Practice to over $1 Billion in loans outstanding.

As a niche financial company that provides small- to medium-sized businesses flexible, accessible capital solutions, Gibraltar’s technology finance team works closely with both post start-up and mature software and technology companies to provide capital supported by future revenue streams.