Daily News: June 11, 2012

MidCap Business Credit Adds Hruden to New Business Team

MidCap Business Credit has appointed Tom Hruden to its business development team as a vice president. He will cover the West Coast region.

Hruden has spent the last 30 years in asset-based finance and has been in business development roles for First Bank Business Capital, CIT Financial, Congress Financial and Wells Fargo Business Credit.

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

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