Presidential Financial hired Jason Hanes as a business development officer. In his new role, Hanes will be responsible for originating, structuring and funding asset-based financing solutions with commitment amounts up to $30 million for middle-market businesses in the Midwest and Great Lakes regions.

Hanes brings significant asset-based lending experience to PFC, including field examination, portfolio management, credit underwriting and new business development. He comes to PFC from Phoenix Management Services where he had various responsibilities, including turnaround management, special situations investment banking and financial due diligence. Prior to Phoenix, Hanes worked for 16 years in senior roles helping a number of financial institutions develop and manage asset-based lending portfolios.

He is a past president of the Ohio chapter of the Commercial Finance Association and remains an active member. He also is a member of the Association for Corporate Growth and Turnaround Management Association.

Headquartered in Atlanta, Presidential Financial provides financing to privately-held and sponsor backed middle-market businesses nationwide.