Daily News: July 25, 2012

Gibraltar Business Capital Hires David Marks, SVP Loan Originations

Gibraltar Business Capital hired David R. Marks as senior vice president, Loan Originations. Gibraltar has resources in Chicago, Houston, Detroit, Atlanta and now New Jersey and Philadelphia, focused on providing asset-based loans and factoring solutions to borrowers seeking financing of $100,000 to $5 million.

Marks will be responsible for sourcing asset-based and factoring lines of credit within the Northeast, specifically covering New Jersey, Philadelphia and Baltimore. He comes to Gibraltar with over 15 years asset based lending experience. Prior to Gibraltar, he was CEO and principal of The Marks Group, a full service collateral examination firm serving banks, asset-based lenders and factors throughout NY, NJ and PA.

Marks is a member of the TMA and the CFA and also sits on the board of the NJ CFA.