Darrell Sorenson joined VenSource Capital as regional director to further develop the company’s presence in Northern California, with a primary focus on Silicon Valley.

Sorenson has experienced leading venture capital sponsored companies and emerging technology firms, having spent the past seven years serving companies in these segments in various commercial lending positions at City National Bank and Comerica Bank. Sorenson will continue VenSource Capital’s efforts in providing equipment financing to venture capital sponsored technology firms based in California.

“I am excited to represent VenSource Capital LLC as regional director and look forward to working with the VenSource team to further develop the Northern California region,” Sorsenson said. “I am fortunate to be joining an experienced and well-regarded team that prides itself in delivering customer-centric financing solutions and high quality service.”

George Parker, co-CEO of VenSource Capital, said, “Darrell’s wealth of experience, contacts, and industry knowledge will make him a valuable asset to VenSource Capital LLC in pursuing our goal of providing the best service and being the leading company in our industry. We are confident that Darrell will play a key role in providing and implementing high quality solutions for our customers.”

Arnold Hoegler, co-CEO of VenSource Capital, added, “We view Darrell’s appointment as a sign of our commitment to significantly advance our California presence. Our attractive equipment financing offerings and increasing demand from our customers led us to look for an addition to our team who will fit in with our ethos of exceptional service, and it is fortunate that we were able to find someone like Darrell to fulfill this role.”

VenSource Capital specializes in providing equipment financing ranging from $750,000 to $5 million to venture capital sponsored companies developing or providing information services, software or technology products, including products and services in energy, biotechnology, healthcare/medical, security, internet and other markets.