NEW YORK, May 23, 2011 /PRNewswire/ -- Capital Business Credit LLC (CBC) (www.capitalbusinesscredit.com), a global integrated financial products and services company, announced the addition of industry veteran Charles Sharf as executive vice president and New York factoring portfolio manager. Sharf will run the Company's commercial services division, which encompasses factoring and credit products, in the New York region.
Sharf will work directly with CBC's CEO, Marc Adelson, and executive chairman, Andrew Tananbaum, to expand CBC's New York client base, focusing on factoring solutions for middle market companies.
"Based on client feedback and market analysis, we know that there is a real void for middle-market companies seeking financing," said Marc Adelson. "For companies in manufacturing and/or importing of consumer goods, factoring can provide access to working capital which can be used to make capital improvements and run daily operations, to ultimately fuel growth."
"We are thrilled to have such a respected leader in supply chain financing at the helm of our New York commercial services division," said Andrew Tananbaum. "We are confident that Charlie will help CBC further grow our customer base, bring new thinking and creativity to our team, and attract new talent."
Sharf comes to CBC from Rosenthal & Rosenthal, a traditional factoring business, where he was senior vice president and portfolio manager, responsible for a material portion of the Company's factoring and credit business, as well as client origination. He also served as assistant vice president at Bank of New York Commercial Corp. Sharf has a Bachelor of Science degree in economics from the Wharton School of the University of Pennsylvania.
About Capital Business Credit
Established in 1988, Capital Business Credit LLC (www.capitalbusinesscredit.com) 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; Charlotte, NC; and Ft. Lauderdale, Fla.
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SOURCE Capital Business Credit LLC