Crossroads Financial announced the appointment of Jay Scheiner as the company’s chief operating officer (COO). Scheiner has over 25 years executive experience as a COO in multiple industries, including retail, wholesale, software and logistics.

The company said in a press release that Scheiner understands the business, both from a lenders’ perspective as well as for clients. He holds an MBA from Suffolk University in Boston.

“Having been on the other side of these deals for many years, I am very excited with this role and the growth potential of Crossroads. Crossroads provides unique solutions that are needed in today’s business/banking environments. We have a great team, and great partners at Crossroads that I’m proud to be a part of,” Scheiner said.

Crossroads provides stand-alone inventory revolving lines of credit, as well as purchase order financing.