People’s United Bank announced the hiring of an industry specialist to its Asset-Based Lending team. Andrew Loughlin (Drew), Vice President and Underwriter, brings more than 17 years of commercial lending experience and will be responsible for new business underwriting in the Northeast and nationally. He will be based in Manhattan, New York.

Loughlin’s prior experience includes specialized roles of increasing responsibility at TD Bank and CIT. He is the President of the New York Chapter of the Commercial Finance Association and received his Bachelor’s degree in Economics from Fairfield University.     

“Drew brings a unique skill-set and an understanding of the evolving needs of our clients, delivering tailored, flexible capital solutions,” said Mike Maiorino, EVP of Specialized Lending at People’s United Bank. “Our clients increasingly demand banking partners who understand their business, and have the ability to act as an advisor, helping them to overcome financing and growth challenges.”

People’s United Bank’s Asset-Backed Lending team provides senior secured asset-based loan facilities for borrowers requiring between $5 million and $50 million. Industries include manufacturers, distributors, wholesalers, business services and retail, for companies in transition, for turnarounds, refinancings, acquisitions and seasonal businesses.

If interested in chatting more about Drew’s addition to the team, or more importantly, how the ABL landscape changing, and how People’s Untied is responding, do let me know.