GemCap announced the opening of a new office location in Columbus, OH, that will be managed by Jim Thieken, Executive Vice President at GemCap.

“Having a mid-west office is part of our strategic growth plan”, says David Ellis, Co-President. “We are excited to have Thieken on board to oversee this new location."

Additionally, GemCap is expanding its portfolio management department with the addition of Ashley Eckels and David Arzumanov as senior collateral analysts. Prior to joining GemCap, Arzumanov was a financial advisor at Waddell and Reed, where he obtained a FINRA Series 7 license and Series 66 license, and he holds a bachelor of science in Finance from California State University Northridge.  Eckels was an accounting office coordinator at SB Capital Group, where she managed accounting for a subsidiary.

 “We are happy to welcome Ashley and David to GemCap”, said Richard Ellis, Co-President of GemCap, “they are a great addition to our expanding team."

GemCap's Columbus office is located at 500 South Front Street; Suite 970; Columbus, OH 43215. Thieken's direct line is 614-769-6437.

GemCap is an asset-based lender specializing in inventory, equipment and accounts receivable loans from $500,000 to $10 million.