the cfa brief
as one of the most influential and successful business development officers in the
factoring industry. She was also featured in
2018 CFA’s Women in Commercial Finance.
Hersh has recently been interviewed as a
thought leader on the factoring industry
on 77WABC Mind Your Business. She is a
frequent speaker on finance panels, including seminar presentations to commercial
banks, law firms, accounting firms, and has
been a speaker at the Daymond John Academy. She has authored numerous articles
and has a featured monthly blog.
Prestige Capital Corporation, founded
in 1985, is a commercial finance company which specializes in factoring for
early-stage and mid-size companies. They
purchase invoices from a broad spectrum
of businesses whose accounts receivable range from $100,000 to $25 million.
Financing situations range from growth
financing, refinancing, leverage buyouts,
turnaround and DIP financing. For decades,
Prestige has been a leader in financing new
industries such as artificial intelligence,
innovative software, telecommunications,
and energy conservation companies, as
well as, traditional industries such as staffing, construction, consumer products, and
Rise Line Business Credit: Paul Martin,
formerly the company’s senior advisor, has
transitioned to a full-time position with
Rise Line as senior managing director of
credit. Since inception, Martin has worked
closely with the Rise Line’s credit department and executive team.
Martin’s career includes over 30 years
of full profit center responsibility across
various commercial lending disciplines
including asset-based lending. He spent 17
years with HSBC Bank USA where he held
various credit and line management positions including chief credit officer, head of
credit policy, head of credit operations and
deputy head of asset-based lending.
Prior to joining Rise Line Business Credit
he was EVP & CCO of NewStar Business
and eagerness to creatively solve working
capital concerns has placed Wade in an ide-
al environment to support entrepreneurs
in the greater Houston area and beyond.
Sallyport Commercial Finance, LLC is
an independently owned and operated,
specialty finance company focused on
providing entrepreneurs with working
capital solutions for small to medium-
sized businesses, to help drive growth and
achieve business hopes and dreams. The
senior management team have over 70
years of collective experience in helping
entrepreneurs grow their businesses in the
US, Europe and Canada by turning their
invoices and assets into cash. Sallyport
Commercial Finance offers a full suite of
factoring and asset-based products.
Signature Bank (Nasdaq: SBNY), a New
York-based full-service commercial bank,
announced the official opening of its
first financial center on the West Coast.
The new financial center is located at 201
Mission Street in downtown San Francisco,
which is the heart of the city’s financial
Signature Bank’s new banking offices
are home to three private client banking
teams. Each team is headed by banking
veterans, including group directors-senior
vice presidents Kelny Denebeim, Sumiko
Sheaffer and Dale Zeigler. Joe Petitti,
head of West Coast Operations, is leading
Signature Bank’s West Coast expansion
while John (Jack) Knight, managing director
– Cash Management Operations, oversees
cash management products and services.
“For nearly 18 years, Signature Bank
has been a leader in commercial banking
throughout the New York metropolitan
area. During this time, we built a strong
and solid franchise, based on providing
clients stellar relationship-based banking
services, delivered by talented private
client banking teams, equipped to handle
all their needs. We determined that San
Francisco would be a market ripe for our
single-point-of-contact model, based on
Credit, an independent financial services
firm providing asset-based financing
to businesses nationally. Paul was also
co-founder of NewStar Business Credit’s
predecessor, Core Business Credit, where
he served as EVP and chief credit officer.
Prior to Core, Martin served as chief risk officer of First Horizon Home Loans, the 12th
largest originator of home loans in the
United States. Prior to First Horizon, Martin
was with HSBC Bank USA.
Rise Line Business Credit, LLC (Rise Line)
is a New York City-based senior secured
lender to middle-market companies across
North America. Rise Line’s thoughtful and
tailored financing solutions are designed
to directly address financing needs for
expansion, refinancing, and restructuring.
Rise Line is relationship-focused, striving to
develop and maintain strong, long-lasting
partnerships with our clients.
“We are thrilled to have Paul join us to
lead our credit group”, said Gaurang Vyas,
founder and managing principal. “Paul’s
extensive experience in both the bank and
non-bank lending space has been instrumental in the steady, selective growth of
our portfolio, and we are excited to have
him in a broader capacity.”
Sallyport Commercial Finance: Wade
Concienne has joined as vice president in
the greater Houston territory.
“I am excited to represent Sallyport
Commercial Finance as vice president of
business development. Spending time in
underwriting has been an incredible learn-
ing experience and I am truly grateful to
have had the opportunity to learn so much.
I am now eager to take that knowledge
and apply it to building new relationships
and partnering with entrepreneurs while
watching their business grow.”
“We are excited to have Wade on our
team. As an entrepreneur himself, Wade
has a strong commitment, understanding
and passion to help business owners,” said
national sales manager, Greg Dyson.
Sallyport’s strong management team