Presidential Financial Corporation (PFC) announced that Paul Krantz has joined its team as a business development officer. In his new role, Krantz will be responsible for originating, structuring, and funding asset-based financing solutions with commitment amounts from $2 million to $30 million for middle-market businesses with a calling effort in Illinois, Wisconsin, Missouri, Minnesota and Indiana. Krantz has been in asset-based lending his entire career in both credit and business development positions, and most recently served more than six years with PNC Business Credit as senior marketing officer.

Krantz earned a Bachelor of Arts in accounting from St. Mary’s University in Winona, MN, and a Master in Finance from DePaul University. He is a past president of the Association of Corporate Growth’s Chicago Chapter and an active member of the Association for Corporate Growth, Turnaround Management Association, and Commercial Finance Association. Krantz also has his certified public accountant certificate.

Headquartered in Atlanta, Ga., Presidential Financial Corporation provides flexible and creative 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.