Great Lakes Business Credit hired Rhett B. Rowe as its new CEO. Rowe previously served as the CRO and COO at GMA Fund, an international family office, and held earlier C-level positions at Capital for Merchants of North American Bancard, KeyBank, First National Bank of Colorado, PMFCU, Arvest Bank and Comerica Bank. Rowe is active in the Association for Corporate Growth, Turnaround Management Association, Secured Finance Network and Risk Management Association.

Founded in 2002, Great Lakes Business Credit provides financing to companies seeking to regain financial stability and return to conventional financing. Acting on Rowe’s vision, Great Lakes Business Credit is moving to bolster its portfolio in the Great Lakes Region and to expand into a much larger presence east of the Mississippi.

“Our mission is to fill the important niche of an interim financial partner for companies with potential that are currently unable to obtain or maintain bank financing,” Rowe said. “We are able to accept a wide variety of lendable collateral that cannot be considered in conventional finance.”

Great Lakes experts routinely structure financing packages ranging from $500,000 to $6 million, all with the goal of enabling borrowers to achieve stability in one year.

“We have a seasoned team of dedicated finance professionals and with nearly unlimited capital, Great Lakes is well-positioned to help businesses find financial stability in this extremely challenging economy,” Rowe said. “We assist companies with needed capital and help improve their operations, all with the goal of enabling their re-engagement with conventional banking partners.”

Great Lakes Business Credit serves companies with potential that are unable to obtain bank financing.