Daily News: January 28, 2013

Five Point Capital Adds Small Business Lending Sales Reps

Five Point Capital said it has added a group of sales representatives for its Small Business Lending Unit. In the past year, Five Point Capital has added five sets of sales representatives because of company growth.

The company said its small business lending unit is growing exponentially because the traditional lending rules have become too stringent to meet the borrowing needs of most small enterprises.

“We continue to see growth in demand among small businesses across the country,” said Dave Gilbert, CEO of Five Point Capital. “These businesses are under-served by their banks. In fact, we commonly hear from our customers that their banks will not even talk to them about providing loans. Five Point Capital has been able to step in and solve their needs with a variety of financial products, but mostly what they want is someone who will consider their application for funds to help run their business.”

Gilbert added, “Not too long ago, we were ranked as one of Sand Diego’s fastest growing private companies. Then the economy took a turn and we had to make some changes to make it through the lean years. But that’s behind us now, and I have every intention of getting us back in the ranks of the top growth companies. The best way I know is to hire good people and support them with marketing.”