ENGS Commercial Capital hired Farrah Vargas as vice president and business development officer. Vargas has more than 14 years of experience and will be responsible for new business origination and development of strategic relationships across the Southwest.
In 2021, ENGS Commercial Finance set company records in originations and portfolio growth, originating more than $850 million of leases and loans, while ENGS Commercial Capital purchased more than $350 million of invoices.
The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
The International Factoring Association appointed five new advisory board members, including Jay Atkins of Seacoast Business Funding, Oscar Rombolà of eCapital, Greg Salomon of Oxygen Funding, George Thorson of Triumph Business Capital and Debra Zukonik of Dare Capital.
ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, is now offering floor plan financing to qualified dealers and equipment manufacturers.
ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, closed and funded a $30 million non-recourse factoring facility for a market technology services company.
John Larson joined ENGS Commercial Capital as director of credit. In this role, Larson will be responsible for overseeing all credit and underwriting processes for ENGS Commercial Capital.