Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank and a full-service commercial finance company addressing cash flow needs of small and mid-sized businesses nationwide, welcomed Robbie Faucett as vice president of business development. In this role, Faucett will focus on middle market companies seeking access to liquidity through asset based lending and other working capital solutions designed to support operations and fuel growth. In addition to directly working with companies, he will also collaborate with accountants, private equity firms and consultants.
Faucett draws on 30+ years in commercial finance, specializing in asset-based lending, accounts receivable financing and equipment finance. Most recently, he served as executive vice president at de-novo accounts receivables finance company Magnolia Financial, where he managed portfolios, underwriting and client relationships. Before that, he was vice president of sales at Flexent (Chesapeake Bank), where he built strong client and referral relationships, drove strategic growth and helped to create the company’s bank referral program and a wider platform to deliver AR finance and ABL programs.
Having launched a residential construction company upon graduating from University of South Carolina Upstate with a bachelor of science degree in economics and finance, Faucett has a keen understanding of the entrepreneurial mindset and how to help business owners evaluate capital needs and secure it to meet goals.
“Robbie brings exceptional industry expertise, firsthand experience as a business owner and a laser-focused commitment to delivering the right working capital solutions — when businesses need them most,” Steve Tomasello, president of OCF, said. “Like OCF, Robbie is relationship-driven and takes a consultative approach to helping business owners, accountants, consultants and financial partners achieve their financing goals. We’re thrilled to welcome him to the OCF team.”
Faucett is active in industry associations such as the Risk Management Association, Turn Around Management Association, the Association for Corporate Growth and Secured Finance Network. He serves as Secretary for the Carolinas Virgina Regional RMA Board and a member of civic organizations in Spartanburg, SC, and was also past president of Upper South Carolina RMA.
“I’m excited to partner with businesses nationwide to deliver creative, flexible working capital solutions that help them meet challenges and grow,” Faucett said. “I’m proud to join OCF — a team with the experience, expertise and trusted reputation to follow through on its promises and help businesses thrive.”
