MB Business Capital hired Timothy Carstens to join its middle-market asset based lending team as senior vice president in MB’s new Scottsdale, AZ office. He will provide lending and commercial banking services to MB Business Capital’s middle-market customers in Arizona, Nevada, New Mexico and Utah.

Michael Sharkey, president of MB Business Capital, said, “Timothy brings an abundance of asset based lending experience to MB. As we execute our growth strategy, Timothy is a wonderful strategic addition to our team. With our expanding footprint nationwide, MB Business Capital is very well-positioned to provide the market with top-notch financial solutions and expert professionals from coast to coast.”

Carstens previously served as vice president and business development officer at PNC Business Credit, where he originated middle-market, asset-based credit facilities. Prior to PNC, he held positions at Summit Financial Resources, M&I Business Credit and Wells Fargo Business Credit. He is a member of the Commercial Finance Association, Turnaround Management Association, Association for Corporate Growth, Arizona Business Leadership, American Bankruptcy Institute, and Arizona Association of Economic Development.