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Capital Business Credit Expands With New Senior Appointments in Los Angeles, Charlotte

June 16, 2015, 07:54 AM

Capital Business Credit LLC (CBC), a global commercial finance company, announces two key appointments, expanding the company’s Los Angeles and Charlotte offices. Matt Piccolo and Katherine Griffin have joined as Senior Account Executives/Vice Presidents in the Los Angeles and Charlotte offices, respectively. Matt Piccolo will report to Tri Sciarra, executive vice president and Los Angeles regional manager and Katherine Griffin will report to Malcolm Ferguson, executive vice president and Charlotte regional manager.

CBC created these positions in direct response to the increased financing needs from customers in a variety of industries in the Los Angeles and Charlotte markets. In each market, Piccolo and Griffin will manage and underwrite a portfolio of lending and non-lending clients while ensuring their compliance to CBC’s credit and underwriting policies. They will also have new business development responsibilities, specifically growing CBC’s factoring, trade finance and asset-based lending customer base in their respective markets.

“Matt and Katherine’s extensive and impressive experience in commercial finance will be essential to the growth of the factoring and asset-based lending customer base in the Los Angeles and Charlotte markets,” said Andrew Tananbaum, executive chairman of CBC. “These appointments are a significant step in CBC’s regional growth, and I look forward to further expanding our presence in each city.”

Piccolo joins CBC with more than 30 years of experience in factoring. He previously served as a senior account executive/vice president at Continental Business Credit, Inc. for 16 years and worked at Congress Talcott Corp. and Republic Factors Corp. as a credit analyst. Griffin joins CBC with more than 15 years of commercial finance and lending experience. She was formerly a Vice President at CIT Group, in charge of factoring account management and began her career as a collateral analyst with CIT Business Credit.

Established in 1987, 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; single debtor credit coverage; letters of credit; accounts receivable management services and inventory lending. CBC Trade Finance, a division of CBC, provides supplier early payment 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; Charlotte, NC; and Fort Lauderdale.

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