Daily News: April 23, 2012

MidCap Business Credit Adds Forbes as VP, Business Development

MidCap Business Credit has appointed Doug Forbes to vice president of its business development team. Forbes has spent the last 23 years in asset-based finance in both business development and credit roles for Frost Capital in Texas. He will be located in Houston and will primarily serve the Texas and Louisiana markets.

Seth Cooper, senior vice president, stated, “We are fortunate to have added significant experience and market visibility by bringing on Doug. We anticipate he will bring MidCap strong and steady growth through his marketing efforts”.

MidCap Business Credit is a nationwide commercial finance company providing asset-based loans to businesses requiring credit facilities from $1 million and up.