Capital Business Credit announced two key appointments, expanding the company’s Los Angeles and Charlotte offices. Matt Piccolo and Katherine Griffin joined as senior account executives/VPs in the Los Angeles and Charlotte offices, respectively. Piccolo will report to Tri Sciarra, EVP, and Los Angeles regional manager and Griffin will report to Malcolm Ferguson, EVP, and Charlotte regional manager.

Piccolo joins with more than 30 years of experience in factoring. He previously served as a senior account executive/VP at Continental Business Credit, for 16 years and worked at Congress Talcott and Republic Factors as a credit analyst. Griffin joins CBC with more than 15 years of commercial finance and lending experience. She was formerly a VP at CIT Group, in charge of factoring account management and began her career as a collateral analyst with CIT Business Credit.

CBC created these positions in direct response to the increased financing needs from customers in a variety of industries in the Los Angeles and Charlotte markets. In each market, Piccolo and Griffin will manage and underwrite a portfolio of lending and non-lending clients while ensuring their compliance to CBC’s credit and underwriting policies. They will also have new business development responsibilities, specifically growing CBC’s factoring, trade finance and asset-based lending customer base in their respective markets.

“Matt and Katherine’s extensive and impressive experience in commercial finance will be essential to the growth of the factoring and asset-based lending customer base in the Los Angeles and Charlotte markets,” said Andrew Tananbaum, executive chairman of CBC. “These appointments are a significant step in CBC’s regional growth, and I look forward to further expanding our presence in each city.”