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NewStar Business Credit Announces Steve Brown to Retire

September 09, 2014, 07:36 AM

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced that after a forty year career in the commercial finance industry, Steve Brown is retiring, effective September 30th. Brown has served as a Senior Vice President of Originations for NewStar in its Atlanta office covering the Southeast region since January 2012.

"Steve has always been a real professional and a pleasure to work with,” said Michael Haddad, President of NewStar Business Credit. “He will be greatly missed and we all wish him well in his future endeavors,” he added.  “The Southeast is an important market for NewStar and we expect a smooth transition as we reinforce our commitment to the region,” he concluded.

NewStar Business Credit provides asset-based and senior, secured “stretch” loans nationally to middle market companies with credit requirements between $5 million and $25 million.  Deal structures are flexible and tailored to meet each client’s unique needs.  Funds can be used for a wide range of purposes, including strategic acquisitions, management buyouts, recapitalizations and refinancings, as well as, to support internal growth strategies.

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