Garrington Capital, US announced two promotions among its senior management team.

Jordan Allen was named CEO of Garrington’s US business and is responsible for loan origination throughout the United States. He joined Garrington’s equipment finance affiliate in 2018, and before that, he was a partner of a US-based specialty lending firm. Allen also serves as a member of the investment committee at Garrington.

Vince Mancuso was named Managing Director of Strategy.  Mancuso will oversee product and program development and management in his new role. Mancuso ’s relationship with Garrington dates back to 2016, and he has served in various management roles. Mancuso brings nearly 30 years of experience in commercial finance. Before joining Garrington, Mancuso was President of a leading North American asset-based lender and factor and Chief Operating Officer of another North American factor.

With banks tightening their lending, Garrington is well-positioned to respond to the working capital challenges facing many small- and medium-sized enterprises with practical and creative working capital solutions. Garrington provides lending facilities of up to $30 million to small- and medium-sized companies across the US and Canada through creative investment funding solutions, such as:

• Commercial Finance: Flexible and creative asset-backed loans, including working capital revolving lines of credit and equipment term loans and leases.
• Invoice Factoring: Advances provided through the purchase of credit-worthy invoices.
• Lender Finance: Revolving lines of credit based on the value of commercial and consumer finance portfolios.
• Specialty Lending: Credit facilities based on the value of secured asset pools and verifiable enterprise values.

Allen said, “I am thrilled to take on this new role as we complete the integration of our US and Canadian operations. Our team is well-rounded and deep across loan origination, underwriting, and operations. Due to the anticipated recession and recent banking crisis, banks and other conventional lenders are tightening their credit requirements even further. We are not limited by these restrictions and are actively providing capital in a tight credit market. “

“I am really excited to rejoin Garrington in this new role,” added Mancuso. “All the parts are there; I will help expand our factoring and asset-based teams. We are currently one of the more active lenders in the market we intend to expand on our recent success.”