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PRESS
RELEASE |
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Summit Financial Resources Announces 2007 Year-End Results |
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Salt Lake City, UT, April 29, 2008
Summit Financial Resources is pleased to announce the third straight year of double-digit growth for 2007. As compared to 2006, assets and revenues increased 25%+ year-to-year.
Gordon La Haye, President and CEO, commented, "2007 was the third consecutive year of significant growth in assets and earnings for Summit Financial Resources. The changing credit environment anticipated in 2008 should bring a more positive environment for our continued growth and opportunities to take advantage of our financial strength."
Summit Financial Resources is a nationally recognized provider of working capital financing to small and medium-sized businesses in a broad range of industries. With 12 offices nationwide and 20 years of experience, Summit has established itself as one of the largest and fastest growing companies in its industry.
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Summit Financial
Recently Provided A $500,000 Working Capital Facility |
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Salt Lake City, UT February 27, 2008
Summit Financial Resources recently provided a $500,000 working capital facility to a transportation company that provides trucking and disaster recovery services. Summit also recently provided a $3,000,000 credit facility to a manufacturer of over-the-counter health remedies. These products are distributed to drug and grocery store chains nationwide.
Summit Financial Resources is a nationally recognized provider of working capital financing to small and medium-sized businesses in a broad range of industries. With 12 offices nationwide and 20 years of experience, Summit has established itself as one of the largest and fastest growing companies in its industry.
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Summit Financial
Appoints Mr. Osborn to Senior Vice President, National Sales Manager |
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Salt Lake City, UT February 11, 2008 -- Summit Financial Resources is pleased to announce the appointment of Andrew Osborn to Senior Vice President, National Sales Manager.
Mr. Osborn has over 15 years of experience in the Commercial Finance
Industry, most recently as the National Sales Manager for Stearns Financial Services. He served as the
Intermountain Regional Sales Manager for Summit Financial Resources and was promoted into this position in
2006 after serving as a Business Development Officer in the Intermountain Region for eight years. Mr. Osborn
began working in the commercial finance industry with Altres Financial, serving in Business Development and
Sales Management positions. Mr. Osborn began his career as Director of Sales for a Utah based marketing
company that provided merchant services products and contact management software to entrepreneurs and
small business owners nationwide. He received his Bachelors degree in Accounting from Utah State University.
Summit Financial Resources is a nationally recognized provider of working capital financing to small and medium-
sized businesses in a broad range of industries. With 12 offices nationwide and 20 years of experience, Summit
has established itself as one of the largest and fastest growing companies in its industry.
Gordon La Haye, President and CEO of Summit Financial, said, "We are very pleased that Andy is leading the
management of our sales force. His experience and track record will be extremely valuable as we expand our
nationwide presence as a provider of working capital financing to small and medium-sized businesses seeking to
improve their cash flow."
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Summit Financial
Hires Jim ST. Clair As National Underwriting Manager |
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Salt Lake City, UT October 24, 2007 --
Summit Financial Resources is pleased to announce that Jim St. Clair
has joined the firm as National Underwriting Manager.
Mr. St. Clair joins Summit
Financial with 17 years of commercial lending and business
development experience. Most recently, he served as underwriting and
due diligence advisor for Focus Management Group in Tampa, Florida,
where he consulted on transactions ranging from $5 million to $250
million for leading financial institutions. Prior to Focus, Mr. St.
Clair worked as Director of Business Loan Origination for Orix
Corporate Finance based in Atlanta, where he originated and closed
over $80 million in new loan volume. He has also served as
VP/Marketing Manager for Textron Financial, a role that included
management of five business development officers nationwide, and he
has held new business roles at GE Capital Commercial Services,
Firstar Bank, and Conseco Finance. Mr. St. Clair also served as
VP/Regional Credit Manager for the Southeast Region of Bank of
America Distribution Finance. He received his Bachelor of Science
degree in Business Administration summa cum laude from
Babson College in Wellesley, Massachusetts.
Gordon La Haye, President and CEO of Summit Financial, said, "We are
very pleased that Jim has joined our management team. His
combination of credit and new business experience will be extremely
valuable as we expand our nationwide presence as a provider of
working capital financing to small and medium size businesses
seeking to improve their cash flow."
Summit Financial Resources is a nationally recognized provider of
working capital financing to small and medium-sized businesses in a
broad range of industries. With 12 offices nationwide and 20 years
of experience, Summit has established itself as one of the largest
and fastest growing companies in its industry.
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| Summit
Financial Hires Melinda Fricke As Vice President, Business Development
Officer |
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Salt
Lake City, UT June 25, 2007 -- Summit Financial Resources is
pleased to announce that Melinda Fricke has joined the firm as a
Vice President, Business Development Officer based in Dallas,
Texas and representing the Southwest Region. Ms. Fricke joins
Kathie Schroeder and Steve Hansen in the Southwest Region.
Ms.
Fricke joins Summit Financial Resources from Wells Fargo Business
Credit, where she has served as a Business Development Officer in
Dallas since their acquisition of Evergreen Funding Corporation
last December. Prior to this role, Ms. Fricke worked for Evergreen
Funding for five years as Business Development Officer in the
Dallas market. She has also served as Vice President/Business
Development at Finova Capital and has held Business Development
positions at First Community Financial Corporation and Altres
Financial. Ms. Fricke holds a Bachelor of Science Degree
in Business Management from Arizona State University and is a
member of the Women's Finance Exchange, where she has served on
the Board of Directors and philanthropy committee for five
years.
Gordon
La Haye, President and CEO of Summit Financial, said, "We are
very pleased that Melinda has joined our sales team. Her
experience and track record will be extremely valuable as we
expand our nationwide presence as a provider of working capital
financing to small and medium-sized businesses seeking to improve
their cash flow."
Summit
Financial Resources is a nationally recognized provider of working
capital financing to small and medium-sized businesses in a broad
range of industries. With 12 offices nationwide and 20 years of
experience, Summit has established itself as one of the largest
and fastest growing companies in its industry.
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| Summit
Financial Resources
recently funded a $3,000,000 working capital credit facility |
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Salt
Lake City, UT April 12, 2007 -- Summit Financial Resources recently
funded a $3,000,000 working capital credit facility for a processor
and distributor of meat products, based in New England. This
additional capital, comprised of $2,500,000 accounts receivable
financing and $500,000 inventory lending, will allow the
company to expand their product offering while maintaining current
growth trends. Forrester Faia, Vice
President, was the Business Development Officer on the deal.
Summit
Financial Resources is a nationally recognized provider of working
capital financing to small and medium-sized businesses in a broad
range of industries. With 12 offices nationwide and 20 years of
experience, Summit has established itself as one of the largest and
fastest growing companies in its industry. |
| Summit
Financial Resources recently funded a $3,500,000 working capital
credit facility |
| Salt
Lake City, UT March 15,
2007 -- Summit
Financial Resources recently funded a $3,500,000 working capital
credit facility for a concrete equipment rental company
based in Colorado. Renee Jackson, Vice
President, was the Business Development Officer on the deal.
Summit Financial Resources
is a nationally recognized provider of working capital financing to small and
medium-sized businesses in a broad range of industries. With 12 offices
nationwide and 20 years of experience, Summit has established itself as one of
the largest and fastest growing companies in its industry. |
| Summit
Financial Hires Todd Waldrip As Vice President, Business Development
Officer |
Salt
Lake City, UT January 16, 2007 -- Summit Financial Resources is
pleased to announce that Todd Waldrip has joined the firm as a Vice
President, Business Development Officer based in Birmingham, Alabama
and representing the Southeast Region.
Mr. Waldrip joins Summit Financial from Advance Financial
Corporation, where
he served as Regional Sales Manager for nearly seven years. Prior to
this
role, he worked for Regions Bank in various positions for nearly six
years,
including time as a Business Development Officer for Regions
Interstate
Billing Service, Regions Bank's factoring company. Mr. Waldrip began
his
career at Redstone Federal Credit Union. He obtained his Bachelor of
Science
Degree in Corporate Finance at the University of Alabama.
Gordon La Haye, President and CEO of Summit Financial, said,
"We are very
pleased that Todd has joined our sales team. His experience and
track record
will be extremely valuable as we expand our nationwide presence as a
provider of working capital financing to small and medium size
businesses
seeking to improve their cash flow."
Summit Financial Resources is a nationally recognized provider of
working
capital financing to small and medium-sized businesses in a broad
range of
industries. With 12 offices nationwide and 20 years of experience,
Summit
has established itself as one of the largest and fastest growing
companies
in its industry. |
| Summit
Financial Resources Announces 2006 Year-End Results |
- Salt Lake City, UT, January 29,
2007-- Summit Financial Resources is pleased
to announce record operating results for 2006. For the year the
company
experienced new business growth of 50%. Year-to-year total
assets increased
by 30%, leading to an increase of 30% in revenue.
Gordon La Haye, President and CEO, commented, "The past
year was highly successful for us despite an increasingly
competitive environment. These results are the direct effect of
our ongoing investment to increase our market coverage across
the country, which will continue in 2007. We look forward to
building on our recent success in the coming year."
Summit Financial Resources is a nationally recognized provider
of working capital financing to small and medium-sized
businesses in a broad range of industries. With 12 offices
nationwide and 20 years of experience, Summit has established
itself as one of the largest and fastest growing companies in
its industry.
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| Summit
Financial Hires Kevin Gunter As Vice President, Business Development
Officer |
Summit
Financial Resources is pleased to announce that Kevin Gunter has
joined the firm as a Vice President, Business Development Officer
based in Tampa, Florida and representing the Southeast Region.
Mr. Gunter joins Summit Financial from Advance Financial
Corporation, where he served as Regional Sales Manager for Florida.
He brings a decade of financial services and banking experience to
his role at Summit, with prior employment at Bank of America
(Business Banking Division), Wachovia (Treasury Services, Consumer
Banking), Bank One Corporation (Customer Service), and Franklin
Templeton Investments (Treasury Management Specialist). He holds a
Bachelor of Science degree in Business Administration from Lee
University and is a member of the Greater Tampa Chamber of Commerce
and Secured Lenders Association of South Florida.
Gordon La Haye, President and CEO of Summit Financial, said,
"We are very pleased that Kevin has joined our sales team. His
experience and track record will be extremely valuable as we expand
our nationwide presence as a provider of working capital financing
to small and medium-sized businesses seeking to improve their cash
flow."
Summit Financial Resources is a nationally recognized provider of
working capital financing to small and medium-sized businesses in a
broad range of industries. With 11 offices nationwide and 20 years
of experience, Summit has established itself as one of the largest
and fastest growing companies in its industry. |
| Summit
Financial Resources Announces Strong New Business Growth |
Salt
Lake City, UT, October 30, 2006--Summit Financial Resources is
pleased
to announce new business growth of 45% for the first nine months of
2006, as
compared to the same period of 2005.
Gordon La Haye, President and CEO, commented, "The management
and investors
of Summit Financial Resources are extremely pleased with the
company's 2006
year to date results. Despite an increasingly competitive
environment, our
sales team nationwide has surpassed overall goals set for the first
nine
months of the year, and we look forward to continuing this trend of
sustained growth throughout the year."
Summit Financial Resources is a nationally recognized provider of
working
capital financing to small and medium-sized businesses in a broad
range of
industries. With 12 offices nationwide and 20 years of
experience, Summit
has established itself as one of the largest and fastest growing
companies
in its industry.
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| Summit
Financial Hires Cindy Mustard as Vice President, Business
Development Officer |
Salt
Lake City, UT. AUGUST 28, 2006 - - Summit Financial
Resources is pleased to announce that Cindy Mustard has
joined the firm as a Vice President, Business Development
Officer based in Cincinnati and representing the Midwest
Region.
Ms. Mustard joins Summit Financial from Crestmark Bank,
where she served as Vice President/Business Development
Officer. Prior to this role, she was a Vice President at
Fifth Third Bank as well as at National City Bank, both in
Cincinnati. She has also served as a Business Development
Officer for Marine Midland Bank and began her career as a
Credit Analyst/Loan Officer at Michigan National. Ms.
Mustard holds a Bachelor of Arts degree in Finance with a
Minor in Accounting from Central Michigan University and is
a member of ACG, RMA, and CFA. She serves on the board of
the Tri-State Association of Corporate Renewal (TACR) in
Cincinnati.
Gordon La Haye, President and CEO of Summit Financial, said,
"We are very
pleased that Cindy has joined our sales team. Her experience
and track
record will be extremely valuable as we expand our
nationwide presence as a provider of working capital
financing to small and medium size businesses
seeking to improve their cash flow."
Summit Financial Resources is a nationally recognized
provider of working
capital financing to small and medium-sized businesses in a
broad range of
industries. With 12 offices nationwide and 20 years of
experience, Summit
has established itself as one of the largest and fastest
growing companies
in its industry. |
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Summit Financial
Hires MJ Hilker as Vice President, Business Development Officer
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Salt
Lake City, UT. AUGUST 21, 2006 - -Summit Financial Resources is
pleased to announce that MJ Hilker has joined the firm as a Vice
President, Business Development Officer based in Cleveland and
representing the Midwest Region.
Ms. Hilker joins Summit Financial from Platinum Funding Group, New
York,
where she served as Vice President of Business Development
responsible for
opening new territories in Michigan and Ohio. Ms. Hilker has
extensive
business finance experience, having been Chief Investment Officer at
Liberty
BIDCO Investment Corp, a mezzanine fund. She began her career at Dun
&
Bradstreet as a Business and Credit Analyst, worked in Economic
Development Finance for the State of Michigan as an Industrial Loan
Officer, and then in Investment Banking as Vice President of
Finance/Treasurer for Cambrian Capital Corporation. Ms. Hilker holds
a Masters Degree in Corporate Finance from Walsh College and a
Bachelors Degree in Business & Economics from University of
Michigan, Ann Arbor. She serves on Vestry and as the Treasurer for
Trinity Cathedral in Cleveland. She is a member of ACG, TMA,
International Women's Insolvency and Restructuring Confederation (IWIRC),
and Delta Mu Delta Business Honors fraternity.
Gordon La Haye, President and CEO of Summit Financial, said,
"We are very
pleased that MJ has joined our sales team. Her experience and track
record
will be extremely valuable as we expand our nationwide presence as a
provider of working capital financing to small and medium-sized
businesses
seeking to improve their cash flow."
Summit Financial Resources is a nationally recognized provider of
working
capital financing to small and medium-sized businesses in a broad
range of
industries. With 12 offices nationwide and 20 years of experience,
Summit
has established itself as one of the largest and fastest growing
companies
in its industry. |
| Summit
Financial Resources Announces Record New Business Growth |
Salt Lake
City, UT, July 19, 2006 -- Summit Financial Resources is pleased
to announce new business growth of 67% for the first six months of
2006, as
compared to the same period of 2005.
Gordon La Haye, President and CEO, commented, "The management
and investors
of Summit Financial Resources are extremely pleased with the
company's 2006
year to date results. Despite an increasingly competitive
environment, our
sales team nationwide has surpassed overall goals set for the first
half of
the year, and we look forward to continuing this trend of sustained
growth
throughout the year."
Summit Financial Resources is a nationally recognized provider of
accounts
receivable financing to small and medium-sized businesses in a broad
range
of industries. With 10 offices nationwide and 20 years of
experience,
Summit has established itself as one of the largest and fastest
growing
companies in its industry. |
| Summit
Financial Funds $1,000,000 A/R Line for Medications Distributor |
Salt
Lake City, UT, June 16, 2006 -- Summit Financial Resources recently
funded a $1,000,000 accounts receivable line for a distributor of
prescription and OTC medications based in Southern California. Jason
Anish, Senior Vice President, was the Business Development Officer
on the deal.
Summit Financial Resources is a nationally recognized provider of
accounts receivable financing to small to medium-sized businesses in
a broad range of industries. With 10 offices nationwide and 20 years
of experience, Summit has established itself as one of the largest
and fastest growing companies in its industry. |
| Summit
Financial Resources Announces Record New Business Growth |
Salt
Lake City, UT, May 15, 2006 -- Summit Financial Resources is pleased
to
announce new business growth of 22% during the first quarter of
2006. This
complements a successful 2005, when assets grew by 40% over 2004.
Gordon La Haye, President and CEO, commented, "The management
and investors
of Summit Financial Resources are extremely pleased with the
company's 2006
first quarter results. Despite an increasingly competitive
environment, our
sales team nationwide has surpassed overall goals set for the first
quarter
of the new year, and we look forward to continuing this trend of
sustained
growth throughout the year."
Summit Financial Resources is a nationally recognized provider of
accounts
receivable financing to small to medium-sized businesses in a broad
range of
industries. With 10 offices nationwide and 20 years of experience,
Summit
has established itself as one of the largest and fastest growing
companies
in its industry. |
| Summit
Financial Resources Hires Kathie Schroeder as Vice President,
Business Development Officer |
Salt Lake
City, UT, May 8, 2006 -- Summit Financial Resources is pleased to
announce that Kathie Schroeder has joined the firm as a Vice
President/Business Development Officer based in Dallas/Fort Worth
and
representing the Southwest Region.
Ms. Schroeder joins Summit Financial from The CIT Group/Commercial
Services,
where she served as Vice President/Marketing Officer responsible for
booking
new business in Texas, Colorado, Oklahoma, Arkansas, and New Mexico.
Prior
to CIT, Ms. Schroeder was Vice President/Marketing Officer at KBK
Financial,
representing Dallas/Fort Worth and Oklahoma. She has also worked as
Senior
Business Development Manager at Riviera Finance in Arlington, Texas,
and was
promoted to this position from Business Development Manager. Ms.
Schroeder
began her career as a Vice President at Mazon Associates, a
factoring
company in Irving, Texas, where she was responsible for all aspects
of
financing--including funding approvals, workouts, and marketing. Ms.
Schroeder holds a Bachelor of Science Degree in Education from
University of
Central Arkansas and is a member of the ACG, TMA, CFA, Dallas
Women's
Finance Exchange, and The Finance Forum.
Summit Financial Resources is a nationally recognized provider of
accounts
receivable financing to small to medium-sized businesses in a broad
range of
industries. With 10 offices nationwide and 20 years of experience,
Summit
has established itself as one of the largest and fastest growing
companies
in its industry. |
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