Daily News: November 2, 2012

GemCap Solutions Adds Garrod as BDO

GemCap Solutions announced the addition of George Garrod as business development officer. He will be responsible for marketing asset-based loans from $500,000 to $10 million secured by machinery & equipment, rolling stock, accounts receivable, inventory and/or inventory in-transit (over the water) and jewelry for GemCap on a national basis, and will be working out of the newly established Chicago office.

Garrod has worked in asset-based lending for over 25 years. He joins the company from Quad-C Funding and previously represented such organizations as Foothill Capital, Webster Business Credit and Textron Financial.