June 6, 2016
By Bob Coleman
Editor, Main Street Monday
Main Street Monday — Harvest Small Business Announces Management Team for 7(a) License Bought from Mark Feathers’ Court-Appointed Receiver.
Co-Managers Todd Massas and Adam Seery have joined the senior management team at Harvest as Managing Directors, and will jointly oversee sales, originations, and strategic portfolio management.
“This has been a long time in the making. I have worked with both Todd and Adam previously and I have the utmost respect for their ability and reputation in the industry. Both have proven to be industry leaders in both sales and management in the SBA/Small-balance commercial lending space and we expect they will have an immediate impact on the success of our operation” says President David Scherer.
Massas and Seery are joining David Scherer, President of Harvest, and Evan Mitnick, Chief Financial Officer of Harvest.
David was formerly President of Lehman Brothers Small Business Finance and Mr. Mitnick was formerly a banker with Prudential Securities and Citigroup.
Massas and Seery previously managed the Small Business Lending Unit for Plaza Bank, which has been recognized as a top SBA lender at the local, statewide and nationwide levels over the past several years.
“When it comes to SBA 7(a) lending, Harvest intends to be best in class in the sourcing, processing, funding and servicing of 7(a) loans” says Seery.
“We’ve prided ourselves on building systems, hiring the right people and executing our business plan with surgical precision. We will bring the same level of expertise, professionalism and success to Harvest that we did to Plaza Bank” says Massas.
The SBLC license and portfolio of $20 million SBA loans were purchased from the receiver of Mark Feathers’ Small Business Capital.
Mark Feathers is awaiting trial on 29 counts of fraud.