Triumph Commercial Finance, a division of TBK Bank, SSB, is pleased to announce Jonathan Schuster as VP, Business Development Officer. Based in Southern California, Schuster will be responsible for sourcing $5 to $50 million asset-based and lender finance deals for the western region.
“We are excited to have Jonathan join the Triumph Commercial Finance team,” said Ken Pardue, Senior Vice President, National Head of ABL Originations. “Jonathan’s deep knowledge of asset based products and extensive referral base will help deliver success to the market and Triumph.”
Schuster joins Triumph Commercial Finance’s expanding originations team with more than 25 years of commercial finance experience sourcing, underwriting and managing asset-based deals in regulated and unregulated lending environments. Most recently, Schuster held an originations role at one of the nation’s largest privately held banks. In that position, he sourced and evaluated asset based deals covering California, Oregon, Washington and Utah. He targeted companies in various business sectors, including manufacturing, service, distribution and technology.
“I look forward to working directly with centers of influence and leverage Triumph’s deep factoring and equipment finance relationships,” said Schuster. “TBK Bank’s subsidiary, Triumph Business Capital, is one of the largest transportation factoring businesses in the U.S. Our ABL product is a logical solution for when borrowers move up the credit spectrum.” Schuster also will seek to provide senior secured working capital facilities for Triumph’s existing equipment finance relationships.
Schuster earned a Bachelor of Science from University of Denver and an MBA from University of Southern California.
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ABOUT TRIUMPH COMMERCIAL FINANCE
Triumph Commercial Finance, a division of TBK Bank, SSB, provides asset based lending and equipment financing solutions for small to mid-sized businesses nationwide. We offer alternative funding options to businesses that are often ignored by traditional financial institutions during challenging economic times.
TBK Bank, SSB, Member FDIC, is a subsidiary of Triumph Bancorp, Inc. (Nasdaq: TBK), is a Texas-state savings bank headquartered in Dallas, Texas that offers consumer and commercial banking products from our 63 branches throughout Iowa, Illinois, Colorado, Kansas, New Mexico, and Texas.