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Capital Business Credit Opens Dallas Office

September 10, 2013, 07:54 AM
Filed Under: Industry News

Capital Business Credit LLC, a globally integrated financial products and services company, announced the opening of its Dallas, TX office.

Dan Maner, senior vice president, who formerly led business development efforts in CBC's North Carolina office, will spearhead the new office. He will be responsible for cultivating new clients in the southwest who need asset-based, trade finance and factoring facilities, from $1million up to $15 million, as well as continuing to service existing CBC clients in the region.

Maner will report directly to Malcolm Ferguson, executive vice president and regional manager. For nearly a decade, Maner has provided clients in the furniture, home furnishings, apparel, manufacturing and services sector with the working capital needed to grow and run their businesses through CBC's customized financing solutions.

"The Dallas office enables CBC to be closer to our client base in the Southwest," said Ferguson. "As the economy continues to improve and consumer sales continue to accelerate, small- and mid-sized businesses need working capital solutions to enable them to fulfill orders. With a presence in Texas, CBC will be able to expand its reach as well as better serve existing clients in this region."

Maner has more than 25 years of experience in commercial finance and factoring. Before joining CBC, he worked with large U.S. banks including First Union, Bank of Boston and SunTrust Bank.

Established in 1988, Capital Business Credit LLC 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. CBC Trade Finance, a division of CBC, provides trade finance solutions for U.S.-based importers working with Asia-based suppliers (exporters). Capital Business Credit is based in New York, with offices in Hong Kong; Shanghai, Los Angeles, CA; Charlotte, NC; and Ft. Lauderdale, FL.

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