Encina Business Credit announced today that Barry Vecker joined its business development team as a Managing Director.
Mr. Vecker is an asset-based lending finance professional with over 25 years’ experience in new deal originations, underwriting and portfolio management. He previously served in business development and risk roles at Wells Fargo, Congress Financial, Israel Discount Bank, and The Bank of New York. Mr. Vecker is a long-time member of the Turnaround Management Association, Secured Finance Network, and the Association for Corporate Growth.
Barry is located near Fort Lauderdale Florida, and will join Steve Janson in covering the Southeast. His primary focus will be Florida, Alabama, and portions of Georgia.
“We are excited to welcome Barry on board. His expertise in originating and structuring new asset-based lending deals will undoubtedly help Encina continue to meet its growth objectives. Barry’s role will be key in promoting the Encina brand throughout the Southeast, and his track record for delivering results make me confident that his contributions will be important to our success” said Rob McMahon, Encina’s Chief Commercial Officer.
Mr. Vecker can be reached at bvecker@encinaBC.com
Launched in 2016, EBC is one of the country’ leading independent asset-based lending platforms providing financing to middle-market borrowers in the U.S. and Canada. The firm offers revolving lines of credit and term loans ranging in size from $10 – $125 million that are secured by accounts receivable, inventory, machinery & equipment and real estate. Borrowers use loan proceeds to fund working capital, acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings and other special situations. Positive cash flow is not a requirement.