Daily News: July 20, 2012

Crossroads Financial Appoints Scheiner to Chief Operating Officer

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.