Centers, Machado Join Sertant Capital as Business Development VPs
APR 30, 2019 - 6:55 am
Grant Centers and Hank Machado joined Sertant Capital as vice presidents in Business Development. They will focus on mid- and large-ticket structured financing as well as “application only” vendor financing. Both Centers and Machado will be based in Washington state and report to executive vice president, Sales and Business Development, Michael Bivins.
Centers joins Sertant with 20 years of experience as a corporate publicist, 18 years of which were as the founder and president of his own public relations company. In 2017, Centers shifted to the finance industry with Balboa Capital, where he was one of only two executives in company history who achieved President’s Club status in their first year.
Machado also joins Sertant from Balboa, contributing more than 5 years of industry experience to the team. At Balboa, Machado started in the “application only” vendor financing space where he personally funded nearly $2 million in gross margin and $10 million in small ticket originations before moving into the large ticket group. As part of the large ticket group, Machado oversaw the opening of Balboa’s office in Spokane, WA where it earned the award for fastest office to reach $1mm in gross margin in company history.
“It is exciting to be here with Sertant and be a part of its incredible vision in this industry,” said Centers. “After most of my career working with corporate clients on their public image, it is gratifying to work with clients to translate those kinds of intangible business efforts into concrete growth through capital expenditure financing.”
Machado added, “I am excited to be at Sertant Capital, and eager to learn. The staff at Sertant are highly regarded in the industry, and I look forward to contributing to our collective success.”
Sertant Capital is a full-service, independent equipment finance company based in Newport Beach, CA. The company provides a suite of equipment financing services, including structured finance and application-only vendor programs as well as fleet management solutions through its specialty transportation division.
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