Daily News: November 19, 2013

Gibraltar Business Capital Hires Lehnes

Gibraltar Business Capital announced that Chris Lehnes, a 20-year veteran of small business lending, joined its team as senior vice president, Loan Originations. Lehnes will be developing new factoring and ABL relationships in the Northeast U.S. to help small businesses acquire cash flow to aid in growth or uncertainty.

Before joining Gibraltar, Lehnes spent the past five years focused exclusively on business development of non-recourse factoring programs for small and mid-sized businesses nationwide. He held prior positions in loan documentation, credit analysis, operations management, marketing and business development at CIT Small Business Lending and Business Loan Express, and helped finance hundreds of small and mid-sized businesses in a wide variety of industries.

“We’re extremely delighted that Chris is joining our team, as we respect his deep experience and industry expertise in the area of factoring and asset based lending. Based on his wide network of qualified relationships, I’m confident that he will be a great addition to our executive team and help to broaden Gibraltar Business Capital’s continued growth, stated Darren Latimer, Gibraltar Business Capital CEO.