March 30, 2015
By Bob Coleman
Editor, Monday’s Movers and Shakers
Midwest Regional Bank in Phoenix Welcomes SBA Banker Lori Abreu
Midwest Regional Small Business Lending has added a new Banker to its team of SBA experts. Lori Abreu has joined Midwest Regional Bank as Vice-President, SBA Commercial Lender. Lori has more than 35 years of financial service experience, including 25 years delivering SBA programs to entrepreneurs nationwide. She is a veteran of several large, national and regional lenders including Certus Bank, Goldwater Bank, CIT Small Business Lending Corporation, and Sonoma National Bank.
Ms. Abreu has extensive experience with all types of small businesses. She has developed a unique specialization providing financial solutions for medical, dental, and vision healthcare professionals. Lori’s focus at Midwest Regional Bank will continue to be establishing and maintaining relationships with commercial real estate and business acquisition brokers throughout Arizona.
VEDC Closes Deal to Acquire California Economic Development Lending Initiative Loan Portfolio
“The acquisition of the CEDLI loan portfolio supports VEDC’s strategic growth plans to expand into new markets and geographies, while diversifying their portfolio,” says Byron Reed, VEDC Board Member and Senior Vice President/Director, Community Development, Los Angeles Metro/Orange County Region Wells Fargo & Company.
The CEDLI loan portfolio, valued at nearly $5 million, consists of seasoned loans with a high concentration in the service sectors as well as non-profit organizations. Many were for the purchase of owner occupied commercial real property, or to provide increased working capital, and to provide lending capital to CDFI lenders with an extended repayment schedule.
Clarence Williams, President and CEO of California Capital and VEDC Board Member says, “Supporting small business is the key to our economic recovery because they hire and pay taxes locally. Acquiring the CEDLI portfolio allows VEDC to extend capital to the businesses working to create a strong business sector and promote recovery in their communities.”
“VEDC’s move to acquire the CEDLI loan portfolio just makes sense,” says Roberto Barragan, VEDC President and CEO. “We have been supporting small business owners in California for 38 years and this purchase will allow for continued job creation and retention in the small businesses impacted by the closing of CEDLI. VEDC has picked up the gauntlet and is truly the state’s leading small business CDFI.”
Dealstruck Appoints Ryan Campbell as Vice President of Sales
“Ryan is everything that we could ask for in our sales leader,” says Ethan Senturia, Dealstruck CEO. “He possesses deep domain expertise in alternative SMB lending, has built and scaled world-class sales organizations, and has unparalleled sales operations and analytics skills.”
Most recently, Campbell worked with SRIG Consulting Services, a consulting firm offering comprehensive assessment and enablement solutions for the challenges faced by small and medium sized businesses.
Senturia adds, “Ryan’s deep commitment to coaching and training his team reflects his passion for the borrower, ensuring their experience is personal, hassle-free, and transparent. With him, we feel like we’ve filled a handful of roles with just a single person – every startup’s dream!”