Advantage Business Capital elevated Lee Elmore from executive vice president to president and CEO.
“This internal promotion reflects Lee Elmore’s deep understanding of our business and unwavering commitment to our culture and values,” Robert Mrlik, president of Central Bank, said. “Lee has the vision, integrity and results-driven mindset that positions him well to lead Advantage.”
Elmore served five years in the Air Force while also earning an accounting degree from the University of Maryland. He entered the asset-based lending industry in 1992 as a field examiner for First Capital and was soon elevated to ABL portfolio manager. While at First Capital, he spent four years opening an office in California and serving as portfolio manager for the central region, growing the portfolio to more than $200 million.
In 2015, after First Capital was sold, Elmore was hired by Far West Capital as field exam manager and quickly transitioned into ABL portfolio manager. In 2018, Elmore joined Advantage Business Capital via its acquisition of Far West Capital. In 2020, Elmore was promoted to executive vice president and took on additional responsibilities. Over the past eight years, Elmore has played a key role in growing Advantage’s ABL division as well updating ABL credit parameters, policies, procedures and formalizing their account executive training program.
“It’s been a privilege to have overseen Advantage’s growth for more than three decades,” Wayne Coker, who served as president and CEO prior to Elmore’s promotion, said. “Lee Elmore has my full support and total confidence as Advantage’s next leader. In my new role as a senior advisor, I am looking forward to focusing on strategic initiatives, enhancing partnerships within our industry and supporting Lee as needed.”
Elmore added, “I am excited to step into this new role at Advantage Business Capital. Advantage has a strong reputation for excellence within the industry. I look forward to working with our dedicated and talented team to continue building on this strong foundation.”
Effective May 15, 2026, supporting Elmore on the Advantage executive team will be Mark Tiggeloven, executive vice president, chief operations officer; Brad Baird, executive vice president, chief credit officer; and David Phillips, executive vice president, originations.
