Category: Business Credit

Encina Business Credit Adds Two GE Capital Veterans to Senior Executive Team

Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively. Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for building out and scaling EBC’s underwriting, documentation and portfolio management functions. Sullivan is a 30-year industry veteran who has served […]

Why Credit Unions Are a Favorite Funding Option for Small Businesses

Small business loans from credit unions earned the second highest satisfaction rate from borrowers who received funding, according to the 2015 Small Business Credit Survey by the Federal Reserve Bank of New York. These loans may now be even more attractive, thanks to a key change: Personal guarantees (PGs) are no longer required on all credit union small business […]

The Role of Credit in Your Business

In a security business, credit used wisely can be a profitable friend; used carelessly, it can be a destructive enemy. When your business has an excellent credit score, you are likely to be offered the most favorable interest rates if you need a loan; suppliers and vendors will be inclined to extend their most attractive […]

Randall A. Haney Joins California Bank of Commerce

LAFAYETTE, Calif.–(BUSINESS WIRE)–California Bank of Commerce (OTCQX:CABC) a San Francisco Bay Area business bank, announced today that Randall A. Haney has joined the Bank as a Vice President for CBC Business Credit in Southern California. “We are excited to have Randy expand our efforts in Southern California. He has successfully built, grown, and managed asset […]

How to Build Up A Business Credit Score

Building your companys credit history is important — now more than ever. Most firms seeking loans aren’t examined by Venture Capital investors with the time and resources to carefully examine balance sheets. Major banks now issue fewer small business loans than ever before. For these financial institutions, the cost of evaluating a company’s standing, on […]

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