Capital Business Credit Announces Key Promotions

NEW YORK, Sept. 21 /PRNewswire/ -- Capital Business Credit LLC (CBC), a commercial finance company specializing in providing supply chain financing and credit risk management solutions, announced the promotions of Allen Vogel and Malcolm Ferguson to the positions of executive vice president.  Both executives will retain their titles as regional managers.

"Allen and Malcolm have added tremendous value to CBC over the years," said Andrew Tananbaum, president and CEO of Capital Business Credit.  "Both have extensive backgrounds in helping clients obtain access to capital and credit, as well as providing strategic operating guidance to help clients improve their bottom line."

Mr. Vogel has been with CBC since 2008 as a senior vice president and regional manager in the New York office. In this role he serves as a portfolio manager for the New York office working with clients who need both factoring and asset based lending solutions.  Prior to working at CBC, Vogel served as the senior vice president of asset based lending at Wells Fargo Credit Corporation, formally Century Business Credit Corporation.

Mr. Ferguson has worked with CBC since 2007 as the regional manager in Charlotte, N.C. In this capacity, Ferguson serves as the lead relationship manager for clients particularly in the furniture industry. Prior to joining CBC, Ferguson was a commercial finance director at General Motors Acceptance Corporation (GMAC), where he was responsible for monitoring client portfolios and sustaining positive relationships with borrowers. He also held managerial positions at CIT and GE Capital, Commercial Finance, Inc.

For more than 20 years, CBC has provided companies with access to credit and management solutions to help with supply chain-related cash management issues.  The company has a long and successful track record of working with hundreds of businesses, from start-ups to turnarounds, across a wide range of industries, to help them grow by providing quick and reliable access to working capital and hands-on assistance in managing risk.

About Capital Business Credit

Established in 1988, Capital Business Credit LLC (http://www.capitalbusinesscredit.com/) is a commercial finance company specializing in providing creative supply chain financing solutions.  The Company's service offerings include: full-service factoring; immediate cash for receivables; single debtor credit coverage; letters of credit; accounts receivable management services; inventory lending; asset-based lending; and international financing. Capital Business Credit is based in New York, with offices in Hong Kong; Los Angeles; Charlotte, NC; and Ft. Lauderdale, FL.  

SOURCE Capital Business Credit LLC