Triumph Commercial Finance, a division of TBK Bank, hired Jonathan Schuster as vice president and business development officer. Based in Southern California, Schuster will be responsible for sourcing $5 million to $50 million asset-based and lender finance deals for the western region.
“We are excited to have Jonathan join the Triumph Commercial Finance team,” Ken Pardue, senior vice president and national head of asset-based lending originations at Triumph Commercial Finance, said. “Jonathan’s deep knowledge of asset-based products and extensive referral base will help deliver success to the market and Triumph.”
Schuster joined Triumph Commercial Finance’s originations team with more than 25 years of commercial finance experience in sourcing, underwriting and managing asset-based deals in regulated and unregulated lending environments. Most recently, Schuster held an originations role at a privately held bank. In that position, he sourced and evaluated asset-based deals covering California, Oregon, Washington and Utah. He targeted companies in various business sectors, including manufacturing, service, distribution and technology.
“I look forward to working directly with centers of influence and leverage Triumph’s deep factoring and equipment finance relationships,” Schuster said. “TBK Bank’s subsidiary, Triumph Business Capital, is one of the largest transportation factoring businesses in the U.S. Our ABL product is a logical solution for when borrowers move up the credit spectrum.”
Schuster also will seek to provide senior secured working capital facilities for Triumph Commercial Finance’s existing equipment finance relationships.