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Utica Equipment Finance Expands Staff to Support Growth

March 26, 2019, 08:50 AM

Utica Equipment Finance announced two new hires to support its growth. Marc Parauka has joined as Director of Credit and Underwriting, and Matt Worman has joined as Business Development Officer covering the Midwestern and Central U.S. markets.

“Marc and Matt are extraordinary finance professionals and are an important part of our future,” said Ed Stolarski, co-founder and President of Utica Equipment Finance. “Both are well respected in the industry, have a strong track record of helping clients and bring a vast network of industry connections. I look forward to their contribution as we build out our equipment finance platform.”

Parauka is a seasoned credit professional with strengths in financial analysis and managing customer relationships. Before joining Utica Equipment Finance, he was Vice President, Business Banking Credit Analyst at Wells Fargo. Previously, he was responsible for underwriting complex equipment lease and loan transactions with EverBank and GE Capital with a focus on the marine, energy, oil & gas, and construction industries. He earned his B.S. in business administration from Bryant University.

Worman is responsible for the company’s sales efforts and overseeing business development activities. Dedicated to serving clients, he has an innate ability to understand a company’s specific needs and structure finance products to support clients’ growth efforts. He brings 15 years’ experience in the equipment leasing industry. Before joining UEF, he held senior sales positions with Nations Equipment Finance, NewStar Financial and Radius Bank, and started his career at First National Corporation. He earned his B.S. in business communications from Kent State University where he graduated cum laude.

Utica Equipment Finance provides credit-based finance products from $500,000 to $25 million to North American businesses. Products include capital and true leases, along with secured equipment loans for companies looking to improve cash flow by refinancing long-lived equipment assets. With headquarters in Norwalk, CT, has sales representation throughout the United States and Canada.

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