NEW YORK – Betty Hernandez, Executive Vice President and CCO of North Mill Capital had been 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.”
About Secured Finance Network
Founded in 1944, the Secured Finance Network (formerly Commercial Finance Association) is an international trade association connecting the interests of companies and professionals who deliver and enable secured financing to businesses. With more than 1,000 member organizations throughout the US, Europe, Canada and around the world, SFNet brings together the people, data, knowledge, tools and insights that put capital to work. For more information, please visit SFNet.com.
About North Mill Capital LLC
North Mill Capital is a direct lender that provides asset-based loans and factoring facilities to businesses with borrowing needs up to $30 million. While its primary business is to finance accounts receivable, inventory, machinery and equipment, North Mill will consider other assets and often assist companies in obtaining financing to supplement its asset-based loans. Whether establishing a new credit facility or refinancing existing loans with banks and finance companies, North Mill can provide creative solutions to meet your financing requirements. Given the substantial capital base of its parent, North Mill is actively pursuing portfolio acquisitions and is interested in purchasing individual loans or portfolios from banks and other lenders. For more information, please visit NorthMillCapital.com.