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EverBank Business Credit Hires Industry Veteran in Healthcare Lending

September 21, 2015, 08:04 AM

EverBank Business Credit broadens its product offerings in healthcare lending with the recent hiring of Tim King, Managing Director, Healthcare. 

King has over 20 years of asset-based lending experience, with the past 14 years dedicated solely to healthcare lending.  He most recently was Senior Vice President of Underwriting and Portfolio Management at Healthcare Finance Group.  Previously, King worked at CapitalSource, a division of Pacific Western Bank, Wachovia Capital Finance and Deutsche Commercial Finance. 

“Tim has a deep understanding of the reimbursement and regulatory issues facing healthcare providers,” said Mark Fagnani, EverBank Senior Vice President. “I’m excited to have his level of expertise onboard as we further tap into this key niche sector of the American economy.”

EverBank Business Credit provides credit facilities from $5 million to $50 million to qualified businesses with revenues up to $500 million.  The Business Credit team leverages their ABL expertise and EverBank’s diverse product set to provide clients a full suite of commercial lending offerings.

EverBank Financial Corp, through its wholly-owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank had $24.1 billion in assets and $16.5 billion in deposits as of June 30, 2015. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country.

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