Daily News: August 9, 2018

Magnolia Financial Adds ABL Vet McArthur to Expand Florida Team

Magnolia Financial added industry veteran James McArthur to its senior management team while expanding its presence across the state of Florida.

With more than 30 years of experience in commercial finance, McArthur will serve as executive vice president and lead Magnolia’s Originations and Business Development efforts throughout its southeastern footprint. He will also sit on Magnolia’s Credit Committee while helping manage the company’s strategic growth initiative.

Most recently, McArthur was EVP of Aegis Business Credit and was a founding partner of Southern Capital Strategies, a consulting firm focused on recapitalization, turnarounds and strategic planning. He is past president of the Florida TMA chapter.

“I am excited about joining Magnolia and making a contribution towards growing our presence in Florida and throughout the southeastern region,” said McArthur.

Founded in 1999, Magnolia Financial is an asset-based lender providing accounts receivable lines of credit from $20,000 to $2 million.