May 19, 2016
By Bob Coleman
Editor, Movers and Shakers
The SBIC Summit: Increased Profit, Improved Regulatory Compliance
How to Form, Launch and License a Small Business Investment Company
Meet, hear and network with influential banking, SBIC, legal and finance experts as they discuss the attractive incentives for banks and investment managers to embrace the SBIC financing channel. You’ll also learn advantages of launching your own SBIC—or investing in one—as well as inside strategies for licensing and operating an SBIC.
Bob Rodi Joins FranFund
“We are ecstatic to welcome Bob Rodi to the FranFund family. Throughout his career in the conventional side of this business, Bob was a true pioneer and has become instrumental to developing interfaces to the Fair Isaac liquid credit scoring system. When added to our long history in the rollover and SBA loans segment, FranFund is going to truly become the total financing package,” says Geoff Seiber, President and CEO of FranFund. “We’ll now be able to accomplish a wider variety of funding capabilities, which aligns with our mission of offering franchisors, franchisees and small business the most forward-thinking solutions.”
“I could not be more thrilled to help make FranFund the one-stop-shop in franchise funding. By combining the experience between Geoff and myself and adding developed interfaces and credit scoring proficiency, we truly are ahead of the game,” says Rodi. “These new programs will allow FranFund to leverage its already prolific business, bringing complete funding to the industry so that our clients never have to leave.”
Rodi brings 35 years of experience in specialty and franchise financing to FranFund. Most recently, Rodi served as President and Managing Executive of Mount Pleasant Capital, the managing agent for a nationwide franchise finance platform with Franchise Credit, LLC. Over the course of the next 12 months, Rodi will assist in transitioning this and other Mount Pleasant Capital programs to FranFund, turning the organization into a total funding solution for franchising and small businesses.
Terry Spears Named Vice President of Community Trust Bank
Terry Spears has been with Community Trust Bank for eight years, and is responsible for managing Community Trust Bank’s SBA loan programs. His office is located at the Main Office of Community Trust Bank in Pikeville, Kentucky. Community Trust Bank has been honored by the SBA as Kentucky’s top community bank 7a lender for seven consecutive years.
Mr. Spears previously worked as the Vice President for Advancement at the University of Pikeville in Pikeville, Kentucky and as a Principal Assistant at the Kentucky Cabinet for Economic Development. He also worked as an Executive Assistant in the Office of Pike County Judge/Executive, the Editor of the Appalachian News-Express, the Publisher-Editor of the Martin Countian and Mercury and as the Sports Editor at the Appalachian News-Express.