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CAPITAL BUSINESS CREDIT EXPANDS SOUTHEAST PRESENCE

December 3, 2013

Martin Schnurr Joins CBC to Support Traditional Factoring Assets

NEW YORK – Today, Capital Business Credit LLC (CBC) (www.capitalbusinesscredit.com), a globally integrated financial products and services company, announced that Martin Schnurr will join the CBC team to grow its factoring and trade finance business in the Southeast.

Schnurr brings to CBC more than 35 years of experience providing factoring and trade finance facilities to businesses of all sizes. He will serve as senior vice president, and will be based in Atlanta, Georgia. Schnurr will report to Malcolm Ferguson, executive vice president and regional manager of CBC’s Charlotte, NC office.

“Martin brings decades of factoring expertise to Capital Business Credit. In his role, Martin will help CBC reach businesses in the Southeast that operate in a variety of sectors and are in need of working capital and credit,” said Marc Adelson, chief executive officer, CBC.

“Capital Business Credit has a long history of providing small and middle market companies with financial products to support growth,” said Schnurr. “I am looking forward to being part of CBC’s team as it takes a hands-on, entrepreneurial approach to lending cutting out much of the red tape, which enables the company to both customize solutions and make quick lending decisions.”

Prior to joining CBC, Schnurr served as vice president at financial institutions including Milberg Factors, Wells Fargo and SunTrust Bank, where he developed new sales territories to supply companies with traditional factoring. Schnurr also served as assistant vice president at CIT Group, where he managed the Southeast office’s largest clients.

Schnurr has a bachelor’s degree in business administration from West Virginia University.

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.