Commercial Finance Partners hired Karen Small as senior business development officer for the Midwest. With more than 25 years of experience in financial services, Small has worked as a field examiner and founded multiple companies.
Commercial Finance Partners promoted John Buanno to president. Buanno has been with Commercial Finance Partners since 2019, leading the growth of the company’s direct lending platform and tripling client volume since his arrival.
Commercial Finance Partners facilitated the closing of a $5.2 million conventional term loan and a $4 million revolving accounts receivable line of credit to support the acquisition of a metal stamping and plating company located in Texas.
Commercial Finance Partners has qualified and financed more than $150 million in Employee Retention Credits. The company also has expanded the financing program to include larger credits in excess of $10 million.
Commercial Finance Partners expanded the employee retention funding program it started in late 2021. Commercial Finance Partners has facilitated financing for more than $30 million of credits to date and is expanding the program.
Commercial Finance Partners launched employee retention credit (ERC) funding and qualification programs and has already processed applications for more than $50 million in credits.
Commercial Finance Partners originated more than $15 million in new SBA 7a loans during Q2/21. Commercial Finance Partners also provided more than $10 million in other lending facilities, including accounts receivable factoring, supply chain financing, term loans and equipment financing.
Jeff Cosgrove joined Commercial Finance Partners as a senior vice president of business development. Cosgrove has a financing background that includes experience with asset-based lending, private equity and structured finance.
Commercial Finance Partners recently closed six new SBA 7a facilities totaling $989.4 million.
Commercial Finance Partners was named one of the Inc 5000 Series Fast Growing Companies in Florida for 2020. The company was named the 144th fastest growing company based on increases in revenue and performance from 2016 to 2019.