Axiom Bank has launched a new Commercial Finance Division headquartered in Dallas, TX. The new division will service businesses seeking Asset Based Lending, Factoring, and Equipment Financing credit facilities ranging from $2 million and greater and with revenues from $25 million to $250 million nationwide.

The new division is led by 30+ year veteran Michael Haddad, President-Commercial Finance. The balance of the team is comprised of business development team officers include Todd A. Davock in the northeast, Cheryl Hollingshead in the west, and Larry Swinney in the southeast. The portfolio and account management team includes Tony Lee and TC Wilde, both headquartered in Dallas. Combined, these five individuals bring over 125 years of commercial finance experience to the division and will develop and support businesses nationwide.

“We are excited to offer an expanded suite of products to businesses across the country,” Ross Breunig, President and CEO of Axiom Bank said. “We have invested in a state-of-the-art loan platform and our new Commercial Finance Division is posed to function as a strategic partner providing the personalized support for which our organization is known.”

“I’m thrilled and honored to have been chosen to lead the new Commercial Finance Division,” said Michael Haddad. “Axiom Bank is an innovative organization that brings leading edge technology and extensive industry knowledge to simplify complex business transactions.”