CBC Trade Finance Adds Veteran Trade Finance Executive to Team

NEW YORK and LOS ANGELES, Dec. 14, 2010 /PRNewswire/ -- CBC Trade Finance, a division of Capital Business Credit (CBC) that provides trade finance solutions to U.S.-based importers and their Asia-based exporters/manufacturers, announced the addition of Robert Denhert as senior vice president.

Based in Los Angeles, Calif., Denhert will be responsible for CBC Trade Finance operations and business development on the West Coast. In this role he will target small and mid-size U.S.-based importers and their Asia-based exporting/manufacturing partners, who are in need of credit facilities to finance growth and mitigate the credit risks associated with international trade.

Denhert has more than 20 years of experience in commercial finance, marketing and credit management for leading trade finance companies.  Most recently, he was managing director for Pacific Asset Funding, LLC, where he established and managed Pacific LifeCorp's trade finance subsidiary. Prior to that, he served as senior vice president for GE Capital Commercial Finance, where he developed and executed growth strategies and introduced new financial products to the Company's factoring and asset based lending unit.  He also held senior trade finance positions at Eastbrook Inc., and Prudential-Bache Trade Corporation.

"Bob's deep understanding of the trade finance solutions that importers and exporters need to ensure that retail shelves are stocked is a tremendous asset to CBC Trade Finance," said Andrew Tananbaum, president and CEO of CBC and CBC Trade Finance.  

"Additionally, Bob has extensive experience working with non-exchange traded commodities – such as fisheries and aquaculture, forest products, and chemical fertilizers – which will enable us to target new markets beyond the furniture, textile, and apparel industries," Tananbaum continued.

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.  Due to a need in the marketplace, the Company recently launched a new division, CBC Trade Finance, which provides trade finance solutions to enhance and expand the trading relationship between U.S.-based importers and Asia-based exporters/manufacturers. The division's core offering is its Supplier Early Payment (SEP) Program which will provide up to 120 days of open account terms to U.S.-based importers, while paying Asia-based manufacturers 100 percent of their receivables, without recourse, upon shipment of goods.

Denhert has a Master of Business Administration from Columbia University and a Bachelor's degree in Asian studies from Cornell University.  He is fluent in Mandarin Chinese.

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.

SOURCE Capital Business Credit LLC

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