Magnolia Financial announced the addition of Industry Veteran James McArthur to its Senior Management Team while expanding its presence across the state of Florida.  With over 30 years’ experience in Commercial Finance, McArthur will serve as Executive Vice President and lead Magnolia’s Originations and Business Development Efforts throughout its southeastern footprint.  He will also sit on Magnolia’s Credit Committee while helping manage the company’s strategic growth initiative.

Most recently, McArthur was EVP of Aegis Business Credit and was a founding partner of Southern Capital Strategies, a consulting firm focused on recapitalization, turnarounds, and strategic planning. He is an active board member of the ACG (Association for Corporate Growth) in Tampa Florida, Past President of the Florida TMA (Turnaround Management Association) Chapter, and active on a national level in the Commercial Finance Association.

“I am excited about joining Magnolia and making a contribution towards growing our presence in Florida and throughout the southeastern region”, said McArthur.

“We could not be more thrilled to have James join our team.  His reputation and experience are second to none in the industry,” said Marc Smith, President of Magnolia Financial.  “He will play an integral role as we continue to grow and offer accessible cash flow solutions to small and medium-sized business across the southeast”.

Founded in 1999, Magnolia Financial is an asset-based lender providing accounts receivable lines of credit to companies that typically are unable to secure traditional bank financing. Magnolia provides working capital lines of credit from $20,000 to $2 million.