Waygar Capital announced that both Terrence (“Terry”) Kruk and M B (“Bobby”) Anand have joined Waygar in two key senior management positions, both  as Senior Vice Presidents.

Terry Kruk has been involved in asset-based lending in Canada for almost 25 years having enjoyed progressively senior positions in GE, Congress Financial, Wachovia and Bank of Nova Scotia. Terry has been involved in all aspects of the industry including audit, new business origination, operations and portfolio management.  

Bobby Anand has also had extensive involvement in asset-based lending in Canada since its inception, working for Bank of New York,  GMAC, Congress Financial, Wachovia as well as Bridging Fund Inc. Bobby also spent a number of years in the UK working for Bank of America.

“Waygar is delighted to have two of the original pioneers of asset based lending  in Canada join our organization” said Wayne Ehgoetz, President and CEO. “Their respective skill sets will contribute significantly to our continued growth in Canada.” 

Waygar Capital is an alternative asset-based lender providing both operation and term loans to companies unable to obtain financing through the major Tier 1 Banks in Canada.  Transaction size ranges between $3 million and $150 million.