Daily News: September 9, 2014

NewStar’s Steve Brown to Retire after 40 Years of Service

NewStar Business Credit announced that after a 40-year career in the commercial finance industry, Steve Brown is retiring, effective September 30, 2014. Brown has served as a senior vice president of Originations for NewStar in its Atlanta office covering the Southeast region since January 2012.

“Steve has always been a real professional and a pleasure to work with,” said Michael Haddad, president of NewStar Business Credit. “He will be greatly missed and we all wish him well in his future endeavors. The Southeast is an important market for NewStar and we expect a smooth transition as we reinforce our commitment to the region.”

NewStar Business Credit provides asset-based and senior, secured “stretch” loans nationally to middle market companies with credit requirements between $5 million and $25 million.