September 18, 2023
Monday Movers & Shakers – Meghan Hormann, Josh Orloff, Marcella Alaniz, and Momentus Capital
Meghan Hormann Joins VelocitySBA as National Sales Manager
“We’re very excited to bring in Meghan to lead and grow our sales organization,” says President Charles Rho. “She has a wealth of experience in SBA lending, with strong strategic planning and operational focus. We’re confident that her leadership will help us excel in our next phase of growth.”
Bringing deep expertise from the financial sector and a stellar record in sales and management, Meghan is an impactful addition to this dynamic team. Meghan has previously served as the Senior Vice President/SBA Group Sales Manager at Old National Bank, following her lengthy tenure with Wells Fargo SBA Lending. Her proficiency in business development and strategic sales planning has made Meghan a distinguished professional in the industry.
Meghan will oversee VelocitySBA’s growing national sales team, devising innovative strategies to amplify growth in our markets, and providing continuity of relationships with clients and other important stakeholders.
VelocitySBA Appoints Josh Orloff as Midwest Regional Sales Manager
“Josh Orloff is a welcome addition to our expanding team at VelocitySBA. His knowledge of the SBA landscape and his proven track record in sales make him a perfect fit for our growth plans in the Midwest,” says President, Charles Rho.
With over 15 years’ experience in banking, Josh has a solid background in business finance. He served most recently as Director of SBA Sales with iBusiness Funding, and prior to that he had a lengthy tenure with Wells Fargo; starting out as a teller and working his way up through Personal and Business Banking and Credit Analyst roles, later taking on SBA Underwriting before becoming a Lending Manager and Business Development Officer.
Josh will lead a fully staffed Midwest team that currently covers Chicago, Cleveland and Milwaukee markets. Adding the twin cities to its presence in the region perfectly complements the national coverage that VelocitySBA exemplifies.
Marcella Alaniz Begins as SVP, Business Development Officer at VelocitySBA
VelocitySBA welcomes its newest Business Development Officer in the West Region, Marcella Alaniz. Marcella is based in San Diego, CA and joins the team with over 22 years of experience in small business lending. She is a highly respected SBA professional, and VelocitySBA is excited to have her as a part of the VelocitySBA family. Welcome aboard!
New York Life Selects Momentus Capital to Manage $50 Million Fund for Small Businesses in Underserved and Undercapitalized Communities
“Our impact investment strategy is focused on helping address the racial wealth gap in America and expanding economic opportunity more broadly. Considering Momentus Capital’s impressive track record of innovation and impact, our partnership introduces another unique opportunity to support diverse small business owners and is one that has strong potential to scale further over time.” -Martin King, head of impact investing at New York Life.
Momentus Capital will manage the program and will originate and service SBA 504 Wholesale First Mortgage loans throughout the United States. This innovative program is the first of its kind from within the life insurance space.
It is designed to deliver an incremental source of capital to an expanded pool of business owners who might not otherwise have access to institutional markets. Featuring increased flexibility from a loan underwriting perspective, the program should expand small business financing opportunities for borrowers who often are not otherwise able to access this kind of capital.