Capital Business Credit Expands U.S. Footprint
September 27, 2011
Bill Drmacich Joins CBC to Lead Business Development in the Southeast Region
NEW YORK – September 27, 2011 – Capital Business Credit LLC (CBC) (www.capitalbusinesscredit.com), a global integrated financial products and services company, announced its Southeast expansion with the addition of industry veteran Bill Drmacich as senior vice president, leading business development efforts in the region.
Drmacich (age 47), who has been working in the Atlanta market for over 15 years, will work directly with CBC’s CEO, Marc Adelson, and Executive Chairman, Andrew Tananbaum, to provide asset-based lending and other financial products to small- and mid-sized businesses in the region.
“Bill has a strong history of building relationships with middle-market companies, including turnaround managers, private equity groups and investment bankers,” said Marc Adelson. “His existing relationships with the major players in the region coupled with his history of providing financial solutions to CBC’s target market of small and medium sized businesses, makes him a huge asset to our team.”
“Our expansion into the Southeast region is another major step for CBC,” said Andrew Tananbaum. “We are confident that Bill will further grow our customer base; attracting new clients and talent in the region.”
Drmacich comes to CBC from Regions Business Capital, the middle-market asset-based lending platform of Regions Bank, where he served as a senior vice president. In this role he established and fostered relationships with commercial bankers. Previously, he helped grow the asset-based lending and corporate finance businesses of CIT and GMAC Commercial Credit in the Southeast. Drmacich has a Bachelor of Science in Business Management and a Master of Business Administration from the State University of New York at Buffalo. He is also a member of the Turnaround Management Association and the Commercial Finance 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; Charlotte, NC; and Ft. Lauderdale, Fla.
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