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NewStar Hires Montgomery to Expand in West Coast Region

September 12, 2013, 07:39 AM

NewStar Business Credit, a division of NewStar Financial, Inc. has hired Ron Montgomery as a senior vice president and will open a new office in Los Angeles.  Montgomery will expand NewStar Business Credit’s marketing and origination efforts on the West Coast and surrounding states, with responsibility for generating new asset-based financing opportunities with middle market companies.

Montgomery has more than 25 years of experience in structuring, originating, underwriting and managing debt financings for middle market firms. Prior to joining NewStar, he was a vice president with BBVA Compass Bank covering all phases of the lending process.  Previously, Montgomery worked for Rabo Bank, Guaranty Business Credit and Finova Capital.

“I am excited to be joining NewStar and working with such an experienced and professional team.  After working for years with middle market companies to provide financing solutions, I am confident that NewStar Business Credit will provide a great platform for me to offer creative and flexible financing options to clients.”

“Ron is well-known in the West Coast Market and will be a great addition to our origination efforts in the region,” said Milton Iskra, EVP and national marketing manager for NewStar. “I have known Ron for many years and am excited to work together with him once again. He adds further depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience.”

NewStar Business Credit provides asset-based loans to mid-sized companies operating across a wide range of industries in the middle market.  Newstar offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, targeting deal sizes from $5 million to $25 million.  

NewStar Financial is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle markets. The Company  specializes in providing a range of senior secured debt financing options to mid-sized companies to fund working capital, growth strategies, acquisitions and recapitalizations, as well as, equipment purchases.  NewStar originates loans and leases directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments.  The company targets hold positions of up to $30 million and will selectively underwrite or arrange larger transactions for syndication to other lenders.  NewStar is headquartered in Boston MA and has regional offices in Atlanta GA, Chicago IL, Dallas TX, Darien CT, Los Angeles CA, New York NY, Philadelphia PA, Portland OR, and San Francisco CA.

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