April 29, 2015
By Bob Coleman
Editor, Movers and Shakers
Gary Taylor Named President and COO of Newtek
Barry Sloane, President, Chairman and Chief Executive Officer of Newtek Business Services Corp. says, “We are pleased to announce the addition of such a seasoned executive as Gary Taylor to our senior management team as President and Chief Operating Officer of Newtek Business Credit. With over 30 years’ of experience in the areas of credit, lending, and finance at entities such as CIT Group, Lehman Brothers, Moody’s and AT&T Capital, we expect he will make a significant contribution to our anticipated near-term expansion of Newtek Business Credit’s financing activities into areas of inventory finance, health insurance receivables and SBA 504 loans.
Gary joining our senior management team is yet another example of how we are shaping our organization with the best talent and expertise to expand our recognition and growth as a BDC.”
Most recently, Mr. Taylor was the Managing Director and Chief Operating Officer at CIT Bank Small Business Lending where he managed the department engaged in loan underwriting and processing, servicing and business analysis/reporting. He also managed loan sales and the securitization process for more than $200 million of assets.
Prior to that, Mr. Taylor was Senior Vice President and Chief Credit Officer at Lehman Brothers Bank where he oversaw all elements of credit risk and evaluated assets for securitizations that comprised of commercial and residential mortgage-backed securities and other asset-backed classes.
Mr. Taylor spent over 5 years as Senior Vice President of Credit and Operations/Business Finance Division of AT&T Capital Corporation where he directed the credit and operations group of a rapidly growing small business lender. While at AT&T Capital Corporation, he also developed and implemented business-oriented credit policies and procedures to effectively manage risk while steadily increasing volume. Earlier in his career, he held senior positions at FDIC/Resolution Trust Company, The First National Bank of Chicago and The Chase Manhattan Bank.
Curt Roese Joins Fountainhead Commercial Capital as Chief Financial Officer
“Curt brings a diverse background in real estate, construction and accounting to our company, built on years of frontline management and consulting experience,” says Chris Hurn, Fountainhead CEO. “We are pleased to welcome him to our growing team.”
Roese began his career in certified public accounting, offering a wide variety of auditing, consulting and tax services for clients in real estate, development and construction among other industries. During his multi-faceted career, he managed REO assets, owned an active real estate brokerage and served in high-level positions with a number of homebuilders. Roese founded and served as one of the principals of high-end homebuilder Westmont Homes. At Fountainhead, he will serve on the management team and oversee all aspects of financial risk, planning and construction administration for the company.
Fountainhead Commercial Capital specializes in the SBA 504 loan program, creating wealth for owners of small and mid-sized businesses through the funding of their commercial real estate projects.
Brandon Rawlings Named Senior Vice President of Business Finance Capital
Brandon Rawlings has joined California-based Business Finance Capital as Senior Vice President, Business Development, for the SBA 504 lender’s Inland Empire office.
In this role, Brandon will work with small and medium sized businesses in financing owner occupied real estate via the SBA
Mark specializes in SBA lending. He is active in the Houston Asian Junior Chamber of Commerce, the Asian Chamber of Commerce and the Asian American Real Estate Association. Mark has over 14 years of bank experience and holds an MBA from University of Notre Dame.