Randall Haney joined Tech Capital, the asset-based finance subsidiary of Tech CU, as vice president of business development.
“Randall’s extensive commercial and asset-based lending background and proven talent for generating new business and expanding market share make him the perfect person to lead our business development unit at Tech Capital,” Joe Anzalone, Tech Capital’s managing director and chief commercial banking officer at Tech CU, said. “We know that Randall will make our team stronger as we look to grow our asset-based lending business.”
Haney has experience in factoring and asset-based lending and has been in the commercial finance industry for more than 35 years. He is currently a member of the Association for Corporate Growth, Turnaround Management Association and the Secured Finance Network. Prior to joining Tech Capital, he was the vice president of CBC Business Credit, where he was responsible for driving loan growth by analyzing, structuring and recommending credit requests for asset-based lending opportunities.
“I was drawn to Tech Capital because their middle market, asset-based lending program is unique and I knew that my expertise could greatly help the program continue to grow and scale,” Haney said. “I was also impressed with the talent on the team — some of whom I’ve known by reputation for years. I am excited to be part of a team that knows how to structure and fund deals. They have done a great job of being recognized as a highly responsive and solution-oriented lender to middle market businesses.”
Prior to CBC Business Credit, Haney held senior positions at Far West Capital, Austin Financial Services, Crestmark Bank, Greystone Commercial Services and Wells Fargo Bank. In each of his roles, he focused on commercial and asset-based lending.
“Tech CU is committed to helping all the communities we serve — both individuals and businesses,” Todd Harris, CEO of Tech CU and chairman of the Tech Capital board of directors, said. “During this unprecedented time in our country, many small to medium-sized businesses are struggling due to the economic ramifications of COVID-19. The COVID-19 CARES Act will allow us to leverage our SBA preferred lender status to help businesses through these tough times. Our asset-based lending program will be able to support our community in a similar manner by providing access to non-traditional sources of bank financing. As such, we will continue to stay active and hire people to staff these critical areas.”
