Wells Fargo Capital Finance announced that Ryan Birnel has been named business development officer for the loan originations team in Denver, Colorado. In his new role, Birnel is primarily responsible for sourcing and structuring flexible asset-based financings for opportunities originated in Colorado, Utah, Wyoming and Montana, and will be reporting to Mark Gustafson, regional sales manager for Wells Fargo Capital Finance.

“Ryan is a very talented and hard-working team member,” stated Gustafson. “I am excited to have him join our team and I am confident he will make an immediate impact as he has done in his previous roles with our company.”

Birnel has been with Wells Fargo Capital Finance since 2008. His previous Wells Fargo positions included a collateral examiner and a relationship manager, managing a portfolio of fortune 500 clients. Birnel received his bachelor’s degree from Utah Valley University prior to pursuing a Master’s of Business Administration in Finance and Accounting from Regis University. He is a member of the Turnaround Management Association and Risk Management Association.

Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance to companies across the United States and internationally. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting and others.