NewStar Business Credit announced that it has hired Kenneth Frank as a Senior Vice President in its Philadelphia office. Mr. Frank will be responsible for helping to expand NewStar Business Credit's marketing and origination efforts in the Mid-Atlantic area  wiht a focus on generating new asset-based financing opportunities wtih middle market companies.

Mr. Frank has 30 years of experience in sructuring, originating, underwriting and managing deggt financings for middle marklet firsm. Before joining NewStar he was a Senior Vice President wiht Santander Bank. His career includes succssful stints at Bank of Americ and General Electric.

I am excited to be joining NewStar and working with such an experienced and professional team. After working for years with middle market companies to provide financing solutions, I am confident that NewStar Business Credit will provide a great platform for me to offer creative and flexible financing options to clients, stated Frank.”

“Ken is well-known in the Mid-Atlantic Market and will be a great addition to our origination efforts in the region,” said Milton Iskra, EVP and National Marketing Manager for NewStar. “I am excited to have the opportunity to work with Ken. He adds further depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience.”