Axiom Bank launched a new commercial finance division headquartered in Dallas. The new division will service businesses seeking asset-based lending, factoring and equipment financing credit facilities of at least $2 million for companies with revenues from $25 million to $250 million in the United States.
Michael Haddad, a more than 30-year veteran of the commercial finance industry, will served as president of the new division. The balance of the team is comprised of business development team officers, including Todd A. Davock in the Northeast, Cheryl Hollingshead in the West and Larry Swinney in the Southeast. The portfolio and account management team includes Tony Lee and TC Wilde, both headquartered in Dallas. Combined, these five individuals bring more than 125 years of commercial finance experience to the division and will develop and support businesses across the United States.
“We are excited to offer an expanded suite of products to businesses across the country,” Ross Breunig, president and CEO of Axiom Bank, said. “We have invested in a state-of-the-art loan platform and our new commercial finance division is posed to function as a strategic partner providing the personalized support for which our organization is known.”
“I’m thrilled and honored to have been chosen to lead the new commercial finance division,” Haddad said. “Axiom Bank is an innovative organization that brings leading edge technology and extensive industry knowledge to simplify complex business transactions.”
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