Philadelphia, PA (PRWEB) December 15, 2016
Swift Capital has named Tim Naughton as Chief Legal Officer. Swift Capital is a leading provider of working capital for small businesses. Naughton brings a deep understanding of banking, legal and financial regulation to Swift Capital. His career spans more than 30 years, working or consulting with some of the industry’s most highly regarded institutions, including Bank of America, American Express, Sallie Mae and Hudson Cook.
“The majority of small businesses struggle to get funding from the economy’s traditional sources of capital. Bank lending has not evolved as quickly as newer financing options,” said Naughton. “Small business owners work long hours and don’t have time for the bank loan application process when they need funding. Swift Capital is committed to serving small businesses by providing the capital they need, quickly. As part of the Swift Capital team, I’m looking forward to helping owners get the transparency and control they need to drive their businesses forward.”
Prior to joining Swift Capital, Naughton advised Bank of America’s small business lending and deposit services as assistant general counsel and senior vice president. He served as external counsel for American Express and Sallie Mae, and was a partner at Hudson Cook specializing in financial and regulatory compliance. As executive vice president and managing counsel for MBNA America, Naughton managed the legal, compliance advisory and transactional needs for MBNA’s Consumer and Specialty Lending division. He also facilitated the launch of new business lines, directed due diligence, documented corporate and portfolio acquisitions, and helped successfully integrate new businesses into MBNA. Naughton launched his career at Maryland National Bank.
“Tim is an expert in financial regulation and we’re fortunate to have him join our team. He brings the depth of experience needed to navigate our organization’s compliance requirements while balancing the needs of customers and innovation,” said Ed Harycki, chief executive officer at Swift Capital. “Protecting our small business customers is foundational to our firm. We want our practices to reflect this belief. As our company grows, Tim will be instrumental to our firm’s readiness for new industry regulation.”
About Swift Capital
Swift Capital’s mission is to unleash the potential of small businesses by providing them with the working capital they need when traditional banks fall short. Swift’s platform rapidly assesses the health of a business, allowing businesses to get a decision within minutes, with funding as fast as one business day. Swift Capital combines its innovative data analytics with a relationship-focused customer experience to deliver a streamlined funding process and personalized approach.
Swift is backed by Sutter Hill Ventures, Khosla Ventures, Third Point Ventures, First Round Capital, and SV Angel. To learn more about Swift Capital’s business funding products and to get a free, no obligation instant quote call 1-888-923-0007 or visit http://www.swiftcapital.com.
Head of Corporate Communications