Presidential Financial Corporation (PFC) announced that Suzanne Lovett has joined its team as a business development officer in Dallas, Texas. Lovett will focus her expertise on asset-based financing solutions with commitment amounts up to $30 million for businesses in Texas, Oklahoma and surrounding states.

Lovett brings significant experience to PFC, including commercial credit and business development in the asset-based lending space. Most of her career has been dedicated to asset-based loan origination in Texas and Oklahoma for Wells Fargo Capital Finance and predecessor companies such as Wachovia Business Credit, Congress Financial, Norwest Business Credit, and Foothill Capital Corporation. Lovett earned a Bachelor of Business Administration degree with a concentration in finance from the University of Texas. She is an active member of the Turnaround Management Association, the Association for Corporate Growth and the Commercial Finance Association.

Headquartered in Atlanta, Georgia, Presidential Financial Corporation provides flexible and customized financing to privately held and sponsor-backed middle-market businesses nationwide. PFC combines the best of asset-based lending with diverse product offerings and a strong commitment to the growth and capital needs of middle-market businesses. PFC provides working capital and term loan facilities for acquisitions, recapitalizations, working capital needs, and turnaround situations. In addition to its Atlanta headquarters, PFC also has locations in Chicago, Cleveland, Phoenix and Dallas.

PFC is owned by MidFirst Bank, one of the nation’s largest privately held banks with approximately $15 billion in assets. This unique structure gives PFC the flexibility of a finance company with the financial backing and stability of a bank.