GE Capital veterans Thomas Sullivan and Sean Sheehan joined Encina Business Credit (EBC) as chief credit officer and managing director, respectively.
Based in the company’s Chicago headquarters, Sullivan will be responsible for building out and scaling EBC’s underwriting, documentation and portfolio management functions.
Sullivan, a 30-year industry veteran, has served in senior underwriting and risk management roles within the asset-based lending groups at GE Capital (where he spent the previous 17 years), Bank of America, Fleet Capital and CIT.
Based in the company’s new Stamford, CT office, Sheehan will lead EBC’s origination efforts in the Northeast Region.
Sheehan has more than 20 years of relevant experience in commercial finance. Most recently, Sheehan served as a managing director for GE Capital, Global Financial Solutions, which provided multinational companies with working capital, acquisition financing and growth capital in the form of asset-based loans, cash flow loans, factoring and equipment financing.
Marty Battaglia, EBC’s CEO, said, “We’re thrilled to have added executives of this caliber to our senior management team. Both Tom and Sean have exemplary track records and will contribute significantly to helping differentiate EBC through a consultative and solution-oriented approach to working with our customers.”
Launched in March 2016, with backing from Encina Capital Partners, an affiliate of certain funds managed by Oaktree Capital Management, Encina Business Credit is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada that cannot obtain required financing from traditional banks.