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CAPITAL BUSINESS CREDIT BUILDS OUT TEAM IN MIDWEST

October 24, 2012

 

Mary McGuire Joins CBC as a Senior Vice President in Chicago Region

NEW YORK – October 24, 2012 – Capital Business Credit LLC (CBC) (www.capitalbusinesscredit.com), a globally integrated financial products and services company, announced the addition of industry veteran Mary McGuire as a senior vice president.

McGuire will work directly with CBC’s CEO, Marc Adelson, and Executive Chairman, Andrew Tananbaum, to expand CBC’s Midwest client base, focusing on providing asset-based and factoring facilities, between $1 and $10 million, to Midwest-based businesses particularly in the manufacturing sector.

McGuire comes to CBC from Great Lakes Business Credit (GLBC) where she served as a Regional Market Director. While at Great Lakes Business, McGuire worked with special asset groups and purchased asset groups within banks, commercial lenders, turn around management groups, boutique investment bankers, attorneys, accountants and advisory firms providing asset-based and factoring credit facilities.

Prior to GLBC, McGuire worked as Senior Director at CIT Leveraged Finance, where she focused on origination, structuring, negotiating and closing both asset-based and cash flow transactions for companies with EBITDA of $10 million or greater.  McGuire also originated transactions as a Director of Wachovia Capital Finance which had incorporated Congress Financial Corporation.

“CBC’s financial products, combined with Mary’s extensive ABL experience, will ensure that small and middle market companies, particularly in the manufacturing sector, will have access to credit and capital to achieve their business objectives,” said Marc Adelson, chief executive officer of Capital Business Credit.

McGuire received her B.A. in Liberal Arts from Xavier University and is a member of organizations that include the Turn-Around Management Association, Commercial Finance Association, Indiana Association of Corporate Renewal, and Risk Management Association

About Capital Business Credit

Established in 1988, Capital Business Credit LLC (www.capitalbusinesscredit.com) is a commercial finance company specializing in providing creative supply chain financing solutions.  The Company’s service offerings include: full-service factoring; immediate cash for receivables; single debtor credit coverage; letters of credit; accounts receivable management services; inventory lending; asset-based lending; and international financing.  CBC Trade Finance, a division of CBC, provides trade finance solutions for U.S.-based importers working with Asia-based suppliers (exporters). Capital Business Credit is based in New York, with offices in Hong Kong; Shanghai, Los Angeles, CA; Charlotte, NC; and Ft. Lauderdale, Fla.

Contact:

Mary McGuire
Senior Vice President
Capital Business Credit
225 W. Washington, Suite 2200
Chicago, IL  60606