Summit Funding Group Promotes Hathcoat to SVP of Sales and Marketing

Summit Funding Group promoted Dan Hathcoat to senior vice president of sales and marketing. Hathcoat joined Summit Funding Group in January 2006 to launch the firm’s vendor finance division as the vice president of sales.

Hathcoat is responsible for strategy development and implementation to drive vendor-based originations, primarily in the technology, material handling, construction and industrial, healthcare and telecommunications equipment verticals. Hathcoat is also responsible for managing the enterprise leasing group, working directly with Fortune 1000 end-user customers to meet their operating lease needs.  In 2020, he spearheaded the launch of an in-house marketing team at Summit Funding Group.

“Dan has been critical to the company since the day he joined the team in 2006 and his extensive background and experience has strengthened Summit’s ability of providing unmatched service to vendors and customers,” Rick Ross, CEO of Summit Funding Group, said. “He is a respected industry professional whose talents and deep expertise has helped us push forward in this new environment and remain one of the largest independent equipment lessors in the U.S.”

Hathcoat began his commercial banking career at Merchants National Bank in Indianapolis. After three years in the commercial loan group at Merchants National Bank, he joined Verizon Credit (formerly known as GTE Leasing), beginning his career in the equipment leasing business. Hathcoat started as a district credit manager at Verizon Credit and received several promotions over his tenure, including to region credit manager, district sales manager and national sales manager responsible for all originations, pricing and sales compensation programs.

In March 1999, Hathcoat joined Bank of America Leasing (formerly Fleet Capital Leasing) as vice president of sales and was responsible for growth and development of the bank’s office products and technology originations platform.

In July 2001, he joined American Express Business Finance in Houston as vice president of sales in the technology business group and was responsible for the development and growth of the company’s IT and franchise markets, leading a sales and service team comprised of almost 50 employees. Hathcoat also was responsible for starting up the company’s franchise finance group and the development of the sales compensation plans for the team.

In September 2004, Hathcoat joined LEAF Financial as a regional sales director to grow its vendor base in the technology segment in the Southeast and Mid-Atlantic. He grew the region to be the top producing territory in national account sales for LEAF Financial.

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