Betty Hernandez, executive vice president and CCO of North Mill Capital was appointed to the Executive Committee of Secured Finance Network (SFNet), an international trade association for organizations and professionals who deliver and enable secured financing.

The $4.1 trillion secured finance industry provides seven major types of financing to businesses: asset-based lending, factoring, supply chain finance, equipment finance and leasing, leveraged lending, cash flow lending and securitization.

Executive Committee members are elected by the SFNet member directors to help the association set strategy, make policy decisions, confirm new members, and lead critical initiatives in the areas of advocacy, education, information resources, networking and thought leadership for the industry.

“These remarkable individuals are appointed based on their stewardship and expertise in secured finance as national, regional or community bankers, independent lenders, entrepreneurs, factors or service providers,” SFNet CEO Richard D. Gumbrecht said.

According to Jeff Goldrich, President and CEO of North Mill Capital, “Betty is chairing the SFNet Chapter Committee. She made many of her industry connections by attending local Chapter events. She is a former President of the NJ SFNet Chapter. She has traveled to Colombia, Mexico and Nigeria on behalf of the SFNet educating other lenders on the benefits of our organization and the nature of secured financing. We are very excited to have her share her ideas for continued growth in the SFNet Chapters and her overall participation with the SFNet Executive Committee.”