GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital.
Rothman will be joining GMA and its family of companies to grow it into a multi-dimensional lender with assets in asset-based lending, factoring, merchant funding, real estate finance, lender finance, as well as the proprietary loan servicing platforms developed by the group.
"While ABL and factoring are my core strengths and background, one of the most enjoyable aspects of lending was when I provided lines of credit to other lenders. I truly look forward to that aspect of GMA’s core group of financial products. It gives me great pride today to see some of the finance companies that I have financed in the past become strong players in their market niche,” says Rothman.
GMA Funding comes from a position of great strength in that the company is built solely on equity. “The financial foundation was one of the most attractive aspects of GMA that gave me the motivation to join them. The equity foundation combined with my experience will attract the right leverage to grow our company rapidly and safely." Rothman adds.
Rothman’s many achievements in finance include his work with TempFunds as he grew the company from a small service provider to the staffing industry to one of the largest non-bank independent lenders to the staffing industry when it was sold to Wells Fargo Bank in 2009. At Rothmans last position at Crestmark bank as its Group President, Rothman joined the smallest of the banks regions in 2009. By the time he left about three years later, it was the second largest and most profitable region of the bank. It contained one of the most balanced regions in terms of assets with portfolios in asset based loans and recourse and non recourse factoring. Well known in asset-based lending, Rothman was a “Perfect fit to take the leadership role of the company,” says founder Shim Sacks.
“Jim gives us credibility in every way. His leadership and acumen for closing the right deals is renown throughout the industry. Known to be tough but fair, he has maintained relationships with clients going back over 20 years. He brings a new level of trust and growth as GMA Funding expands into spheres previously unknown in the organization,” says Ezra Javasky of GMA Funding.
Rothman has over 25 years of experience within major banking and factoring institutions and has helped grow every single one of them. Rothman possesses the insider knowledge of how to employ factoring techniques in such a way as to increase profit for both the lender and the company requiring immediate funds. He is also is a member of many factoring and charitable organizations such as, the International Factoring Association, Commercial Finance Association, Board of Directors March of Dimes (Palm Beach), American Cancer Society, and is recognized as the seventh largest fundraising family team nationally for the March of Babies in 2012.
“GMA has its own great legacy of charitable contributions and are very supportive with my work with March of Dimes, whom I credit with saving the lives of my micro-premature twins in 2007” said Rothman.
“CoreFund Capital and GMA Factor are supremely excited about Jim joining the team and propelling us into the future,” Sacks says. “Obviously Jim has a sterling reputation in all areas of his life, and his business acumen is second to none in the factoring arena.”