Capital Business Credit Adds Steven Wyatt to Its New Business Development Team

NEW YORK, May 20 /PRNewswire/ -- Capital Business Credit LLC (CBC), a commercial finance company specializing in providing supply chain financing and credit risk management solutions, announced the addition of Steven C. Wyatt as vice president, new business development officer.

Based in Clearwater, Florida, Wyatt will be responsible for CBC's new business development in the lower Southeast U.S. Region, targeting small and mid size companies in need of working capital to finance growth and transition turnarounds, as well as companies in need of receivable management services.

Wyatt has 22 years of experience in finance, marketing, sales, portfolio management and credit management for leading factoring and asset-based lending companies.  Most recently, he was managing director, Southeast Region, for Transcap Trade Finance where he was responsible for marketing and sales of purchase order and trade finance products.  Prior to that, he served as regional vice president for Reservoir Capital, Tampa, where he was responsible for marketing asset based loans and factoring products.  He also served as executive manager for Riviera Finance, Atlanta.

"Steven's deep knowledge and experience working in trade finance and middle market lending is a great asset to Capital Business Credit," said Andrew Tananbaum, president and CEO of Capital Business Credit.  "As the economy continues to improve and companies need to increase production and build inventories, access to working capital is one of the key factors that allows a company to execute on market opportunities. With CBC's receivable management services, our clients not only have access to working capital, but are often able to mitigate the risk associated with their receivables."

For more than 20 years, CBC has provided companies with access to credit and management solutions to help them manage supply chain-related cash management issues.  The company has a long and successful track record of working with hundreds of companies from start-ups to turnarounds, across a wide range of industries, to help them grow by providing quick and reliable access to working capital and hands-on assistance in managing risk.

Wyatt has a Master's in Business Administration from Nicholls State University and a Bachelor's in Science from Clemson University.  He is a member of the Association of Corporate Growth, National Funding Association and a board member of the Florida Turnaround Management Association.

About Capital Business Credit

Established in 1988, Capital Business Credit LLC (http://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. Capital Business Credit is based in New York, with offices in Hong Kong; Los Angeles; Charlotte, NC; and Ft. Lauderdale, FL.  

SOURCE Capital Business Credit LLC

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