Tech Capital, LLC Hires Randall Haney as its Vice President
of Business Development
Haney to Drive Tech Capital’s
Business Development Strategy
San Jose, Calif. – April 2, 2020 – Tech
Capital, LLC, the asset-based finance company and wholly owned subsidiary of
Tech CU announced today that Randall Haney has joined the company as its new
Vice President of Business Development. In his role, he will be responsible for
business development.
“Randall’s extensive commercial and asset-based lending
background and proven talent for generating new business, and expanding market
share make him the perfect person to lead our business development unit at Tech
Capital,” said Joe Anzalone, Tech Capital’s Managing Director and Chief
Commercial Banking Officer at Tech CU. “We know that Randall will make our team
stronger as we look to grow our asset-based lending business.
An industry veteran with extensive experience in
both factoring and asset-based lending, Haney has been in the commercial
finance industry for more than 35 years. He is currently an active member of
the Association for Corporate Growth, Turnaround Management Association, and the
Secured Finance Network. Prior to joining Tech Capital, he was the Vice
President of CBC Business Credit, where he was responsible for driving loan
growth by analyzing, structuring, and recommending credit requests for
asset-based lending opportunities.
“I was drawn to Tech Capital because their middle
market, asset-based lending program is unique and I knew that my expertise
could greatly help the program continue to grow and scale,” said Haney. “I was
also impressed with the talent on the team - some of whom I’ve known by
reputation for years. I am excited to be part of a team that knows how to
structure and fund deals. They have done a great job of being recognized as a
highly responsive, and solution-oriented lender to middle market businesses.”
Prior to CBC Business Credit, he held senior
positions at, Far West Capital, Austin Financial Services, Crestmark Bank,
Greystone Commercial Services and Wells Fargo Bank, among others. In each of
his roles, he focused heavily on commercial and asset-based lending. Haney has
a bachelor’s degree in Business Administration from Westminster College.
“Tech CU is
committed to helping all the communities we serve – both individuals and
businesses,” said Todd Harris, CEO of Tech CU and Chairman of the Tech Capital
Board of Directors. “During this unprecedented time in our country, many small
to medium-sized businesses are struggling due to the economic ramifications of
COVID-19. The COVID-19 CARES Act will allow us to leverage our SBA preferred
lender status to help businesses through these tough times. Our asset-based
lending program will be able to support our community in a similar manner by
providing access to non-traditional sources of bank financing. As such, we will
continue to stay active and hire people to staff these critical areas.”
About Tech Capital
Founded in 2015, Tech
Capital, LLC is a nationwide finance company specializing in asset-based
lending solutions for middle market sized companies and businesses. Tech
Capital is a wholly owned subsidiary of Technology Credit Union. For more information on Tech Capital, visit: https://www.techcu.com/Business/Tech-Capital-LLC/.
About Tech CU
Tech CU (Technology Credit Union) has assets in
excess of $3 billion, making it one of the 20 largest credit unions in
California. It serves more than 125,000 members living and working throughout
the counties of Santa Clara, San Mateo, Alameda, Contra Costa, Santa Cruz, San
Francisco, Sacramento, San Joaquin, Solano, Marin, Napa, Sonora, Los Angeles,
Orange and San Diego. As a federally insured not-for-profit organization, Tech
CU invests its resources to deliver lower rates, outstanding service and member
benefits. Founded in 1960 by the innovative employees of Fairchild
Semiconductor, today Tech CU continues to leverage technology to provide
convenient and easy-to-use financial products for all stages of their members’
lives, including personal banking, wealth management, private banking,
commercial lending and business banking. In 2019, Tech CU was named the
best-performing credit union in CA, and third best-performing credit union in
the U.S. for the second year in a row, among the 552 credit unions with assets
over $500 million evaluated by S&P Global Market Intelligence. To learn
more, please visit: www.techcu.com.
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Contact:
Linden Kohtz
Public Relations, Tech CU
[email protected]