BUFFALO, N.Y. - Equipment financing provider Blue Bridge Financial says it is beefing up its national sales and management team as it develops offerings in specialty equipment markets, including RV and powersports.
Leading the new business development team as managing director of business development is Ed Arienti. During a 36-year career working for banks and specialty finance companies, Arienti has been a leader in middle market commercial lending and direct/indirect consumer lending.
“As we evaluated opportunities to meet business loan demand in the fragmented specialty finance market, our approach of simplified common-sense solutions dovetailed very nicely with the philosophy of Blue Bridge Financial,” Arienti said. “The deciding factor for our partnership was the depth and experience of the company in providing relevant and cost-effective products to the market that our team has collectively served for many years.”
Under the direction of Arienti will be Jim Hofbauer as director of manufactured housing and park model financing, Dennis VanLeeuwen as director of industrial, commercial and agricultural financing, Carl Calhoun as director of marine financing, Mark Ranstadler as director of powersports and trailer financing (email@example.com, 770-500-4228) and Keith Boudreau as director of technology financing. Also joining the team as director of recreation vehicle financing, Dave Carroll will report to Blue Bridge Financial’s chief credit officer, Rob Snow.
“We welcome Ed and his seasoned team to Blue Bridge Financial and are excited about the introductions that they will provide to us in complementary market verticals to those that we specialize in today,” said CEO Mark DeBacker. “The expected deal flow from the new team will continue to expand Blue Bridge’s penetration into to the small to middle-market equipment finance market and deploy capital to allow small businesses to expand and access the specialty finance solutions necessary to facilitate their growth.”
Coincident to the addition of the business development team, Blue Bridge Financial launched a website tailored to direct vendor and borrowers at www.bbfequipmentfinance.com.
From a press release