Porter Capital announced that Steven R. Bellah joined the company as senior vice president and national sales manager. The 20-plus year commercial finance veteran has held various executive positions with Wells Fargo and GE Capital, among others.
EverBank Commercial Finance announced it added Mike Foster to its Healthcare platform as business development manager. Previously, Foster has worked for Marlin Business Services and LNB Commercial Capital.
Law firm Ruskin Moscou Faltischek said Jeffrey Wurst, shareholder and chair of its Financial Services Banking and Bankruptcy Group, was elected as a fellow of the American College of Commercial Finance Lawyers.
EverBank Commercial Finance said it has named Jeff Stellinga as the office products sales director for the firm’s Eastern region. He previously served at CoActiv Capital as a regional sales director.
RMP Capital’s James DiCamillo notes that 2012 was characterized by historically low interest rates that made earning a profit somewhat challenging. Looking ahead, DiCamillo says banks have continued their retreat in the small business sector, even though many enterprises that would be candidates for financing pose only a fair level of risk. As a result, more business owners in this category appear to be discovering commercial finance as a serious option.
History & Mission: ABF Journal magazine was launched in 2002 as the first independent trade finance magazine exclusively focused on the asset-based lending, factoring, commercial finance and turnaround management industries. Our mission is to deliver a publication in tune with the informational needs of our readers — commercial finance professionals. Our editorial content is often described […]
The theme of the CFA’s 68th Annual Convention is “Transformation,” and the event features keynote speaker Richard B. Cheney, 46th Vice President of the United States, who will offer insight into the economic and political landscape, past and present. The convention, which takes place November 14-16, 2012, at the JW Marriott Desert Ridge in Phoenix, AZ, attracts professionals from around the world involved with asset-based lending, factoring, appraisals/auctions/liquidations, turnaround management and commercial finance law to collaborate on issues in commercial lending.