August 15, 2013
Thursday’s Movers and Shakers
Mathew Lilly has joined PCFS 2000 as the Western Regional Sales Manager. This includes the Western part of the U.S. and includes Illinois, Michigan, Wisconsin, and Indiana.
Mathew has more than 10 years of financing experience with seven years focused in U.S. SBA lending. Mathew has worked for such companies as First Choice Lenders, American Business Lending, and most recently headed up the lending division for FranFund, Inc.
PCFS 2000 is the leading firm providing business lending software solutions to SBA lenders, credit unions and loan service providers since 1986. During the company’s 27 year history, it has become the industry standard for business lending software addressing all aspects of loan origination, servicing, loan authorization and loan agreement compliance, as well as loan workout and liquidation.
David Murray has joined FranFund as Vice President of Lending Services.
After working three years with Bank of America, Murray spent the last eight plus years at JPMorgan Chase where he worked directly with FranFund and its clients.
“FranFund is at the forefront of lending solutions for franchisees, helping to grow the small business sector and in turn, our economy,” Murray said. “My familiarity with the organization has given me a glimpse into the inner workings of CEO Geoff Seiber and his exceptional leadership team. I am honored to join a well-respected company with sound philosophies and incredible potential.”
FranFund is a total funding solution for franchising and small businesses and believes the key to the growth of a franchise and the success of its individual franchisees depends largely upon having a solid capitalization strategy. FranFund has been providing total funding solutions for franchises since 2006, working with some of the country’s top franchisors to match their qualified franchisees with the perfect lender. Headquartered in Fort Worth, Texas, FranFund is recognized as a premier provider of the 401(k)/IRA business funding solution which allows franchise or small business owners to finance their business using retirement funds without penalty.
Wisconsin Housing and Economic Development Authority Announces $18 Million Small Biz Program
The Milwaukee Business Journal reports the Wisconsin Housing and Economic Development Authority (WHEDA) is designating a new program providing incentives to lenders to make small business loans in the Transform Milwaukee area.
Transform Milwaukee is a public-private partnership focusing on restoring economic prosperity to the industrial, residential and transportation areas connecting Milwaukee’s 30th Street Industrial Corridor, Menomonee Valley, Port of Milwaukee and the Aerotropolis, located south of General Mitchell International Airport. The maximum guarantee percentage for small business loans made in the Transform Milwaukee area that use the $3.25 million will be increased to 80 percent.
The new funding will allow for $18.3 million in total lending to Transform Milwaukee.
Small Business Lending Conference Update
Mid America Lender’s Conference, Oklahoma City, August 19-21
Second Annual FLAGGL Conference, Orlando, September 11-13
EARLY BIRD REGISTRATION OF $349 expires today!
American Banker Small Business Lending Conference, New Orleans, October 28-30
NAGGL Annual Conference, Palm Desert, November 5-7
Send your movers and shakers announcements with a pic to bob@colemanreport