New York, NY (PRWEB) March 14, 2013
The Board of Directors of Merchant Cash and Capital, LLC, http://www.merchantcashandcapital.com, announced today the hiring of Jeffrey Beckwith to serve as the company’s Chief Financial Officer. Mr. Beckwith, 49, has spent the better part of his 27 year career in the mortgage and asset backed finance markets and has held a number of roles including senior positions in investment banking, trading, sales and asset backed lending. Mr. Beckwith’s hiring comes on the heels of the hiring of Walt Levengood to the newly created position of Chief Strategy Officer, the firm’s expansion into additional office space and the announcement that it had surpassed the $500 million mark in cash advances provided to small business customers.
Mr. Beckwith was most recently with The Patriot Group, LLC where he was Head of Asset Funding Solutions and Senior Portfolio Manager. In these roles, he was responsible for the origination and management of the firm’s asset backed loan portfolio. He began his career in finance with the Asset Backed Finance Group at Greenwich Capital Markets, Inc.
“I am thrilled to be a part of the management team at Merchant Cash and Capital. It is a truly exciting and dynamic time to be at the company as its reach into the small business sector expands through its continued portfolio growth and the introduction of new cash advance products,” said Jeffrey. “MCC is clearly one of the most innovative and progressive cash advance providers in the industry and I am both pleased and honored to have the opportunity to be part of a growth company such as MCC.”
“As I have said before, to keep up the rapid pace of growth and innovation that we’ve strived to achieve, we are going to need the most talented leaders and that’s exactly what Jeff Beckwith brings to MCC,” said MCC CEO Stephen Sheinbaum. “Track records and personal relationships mean plenty in business and with Jeffrey we know we get both a track record of stellar accomplishments and someone we know we can work with.”
About Merchant Cash and Capital
Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s business cash advance funding leaders. MCC has provided more than $500 million in financing to over 12,000 distinct customers and a total of over 20,000 advances. For more information about MCC and its innovative small business-focused cash advance programs please call 1-866-792-9366 or visit its web site at http://www.merchantcashandcapital.com.