Magnolia Financial announced the opening of a regional sales office in Atlanta, GA to expand its presence in the southeast.  

The Spartanburg-based company also announced that industry veteran Larry Artman has returned to Magnolia to head its new office. With over 30 years’ experience in Commercial Finance, Artman will serve as Senior Vice President and lead Magnolia’s Originations and Business Development efforts throughout Georgia, Alabama, and Tennessee.  

Most recently, Artman was Regional Sales Director for Prestige Capital.  In addition to previously working at Magnolia Financial, Artman has held senior business development positions at Celtic Capital and Wells Fargo Business Credit.  He is an active member of the Secured Finance Network, Turnaround Management Association, and Association for Corporate Growth.  

“Larry has a proven track record of creating unique cash flow solutions for a diverse range of companies, Magnolia Financial President Marc Smith said.  “His addition to our team and his leadership in our new Atlanta office will allow us to significantly increase our present in that market.”

Artman added, “I’m excited to return to Magnolia and look forward to introducing our creative working capital solutions to a variety of businesses across the southeast.”

Founded in 1999, Magnolia Financial is an asset-based lender providing working capital lines of credit to companies that typically are unable to secure traditional bank financing.  Magnolia provides credit facilities from $50,000 to $5 million and more.