The American Factoring Association (AFA) announced on Monday, July 11 that Crestmark Bank President and CEO W. David Tull has been appointed to their Board of Directors for a two year term. Tull will join new members Leigh Lones, CFO of United Capital Funding Corporation and Jeff Rose, CFO, of National Bankers Trust Corporation and ten current respected industry experts. As part of the board, Tull and the team will guide the AFA in educating policy-makers and the public on the uses and benefits of factoring and its importance to U.S. companies that are seeking reliable sources of capital to start, grow and sustain their businesses.
“I am proud to be a part of this association, and look forward to seeing the impact that we can make,” said Tull.
Headquartered in Pismo Beach, CA, the American Factoring Association was founded in 2009 with the sole purpose of educating the public and policymakers on the availability of working capital for financing America’s small businesses and to conduct efforts in support of the increasing working capital financing. Members have met with key members of Congress and the executive branch in Washington, D.C. regarding the value of this type of financing to the small business community and how it impacts the U.S. economy.
Crestmark is a nationally recognized provider of working capital solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing and factoring. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Florida, Georgia, Illinois, New Jersey, New York, Missouri, North Carolina and Texas. www.crestmark.com