Gibraltar Business Capital expanded its operations and credit teams to address increased demand for its services, specifically hiring Paulina Nenadovic as a collateral analyst for the operations group and Todd Seehase as a senior vice president and account executive on the credit side.

In her new role, Nenadovic will review and analyze the assets clients use as collateral. Nenadovic started her career with JP Morgan Chase/Bank One in Chicago as the assistant to the regional credit executive of private client services. In that role she monitored the region’s loan portfolio for delinquencies and defaults. She then became the assistant branch manager for Commerce Bank, where she monitored compliance and bank policies, trained staff on customer service delivery, and managed resolutions on customer issues.

“Paulina is an excellent resource for the entire Gibraltar team as we work to develop the right borrowing base and loan structure to maximize liquidity for our clients,” Agnes Falconer, VP of operations for Gibraltar Business Capital, said.

Seehase has 30 years of experience underwriting and managing a combination of middle market, asset-based and leveraged loans in various roles at RBS Citizens Bank, FirstMerit and JP Morgan. Most recently he served as a senior portfolio manager in Sterling National Bank’s asset-based lending group.

“We are excited to add Todd to our group,” Mark Stoeberl, chief credit officer of Gibraltar Business Capital, said. “His expertise fits in perfectly with the direction Gibraltar is taking in focusing on our asset-based lending capabilities.”

Gibraltar offers credit facility capacity between $2 million and $20 million to serve mid-market businesses.