Transfac Capital created a new group focused solely on serving the transportation industry. The company hired Jefferey Hogg as the first regional vice president for the group.
Hogg began his career of more than 20 years as a commercial driver, transitioning into finance as an inside sales specialist with TAB Bank. His experience includes serving as vice president of business development for the Western U.S., and most recently, vice president of equipment financing with a focus on long-haul transportation equipment. Hogg is a member of several state trucking associations and industry organizations.
“The recent acquisition of Transfac Capital by Commercial Credit has given us the opportunity to build on our established platform and transportation knowledge,” noted Senior Vice President and General Manager Steve Sala. “This new team, focused specifically on the commercial transportation market, will develop this key segment of our business. Jefferey’s background and experience make him an ideal fit for this group.”
“I’m excited to work for Transfac Capital,” stated Hogg. “My broad range of expertise in the commercial trucking industry will help this growing company become a powerhouse in the market.”
Transfac Capital, a wholly-owned subsidiary of Commercial Credit, provides accounts receivable factoring to middle market companies nationwide. Based in Salt Lake City, Transfac Capital became part of the Commercial Credit family of companies in August 2017.