Mike Sharkey will retire from his role as president of Fifth Third Business Capital at the end of September after a 40-year career in the asset-based lending industry.
MB Business Capital Canada acted as sole lender and administrative agent on the funding of a $20 million senior revolving credit facility for CDI Computer Dealers.
According to an SEC filing, Mike Sharkey has been selected to head the combined national asset-based lending business following the merger of Fifth Third Bank and MB Financial .
Many challenges exist in the ABL industry today, including increased regulation and a growing number of competitors. Mike Sharkey shows how lenders can turn these challenges into opportunities for new business.