MidFirst Business Credit promoted Bruce Van Weele to director of loan administration at its Atlanta headquarters. In his new role, Van Weele will be responsible for structuring, underwriting, closing and monitoring asset-based financing solutions, with commitment amounts up to $30 million, for middle market businesses throughout the United States.
With more than 30 years of experience, Van Weele most recently had portfolio responsibilities at MidFirst Business Credit. Prior to that, he worked in senior level positions at Wells Fargo Capital Finance, Finova Capital and Stanchart Business Credit, helping these financial institutions close and manage asset-based lending portfolios.
MidFirst Business Credit offers lines of credit of up to $30 million and provides working capital and term-loan facilities for acquisitions, recapitalizations, working capital needs and turnaround situations. MidFirst Business Credit is owned by MidFirst Bank, a privately held bank with more than $23 billion in assets.
