MI-based North American Bancard (NAB) has ankled Rhett Rowe as president of its subsidiary, Capital for Merchants (CFM), a merchant cash advance program that helps businesses get the working capital they need. In his new position, Rowe will be responsible for providing strategic leadership and direction to his team, in addition to driving profitable sales growth for CFM.
Rowe has worked in the industry for over 26 years and has accumulated substantial analytical, credit and commercial finance experience. His record of success includes revitalizing sales operations; building successful sales and credit teams; managing key accounts; spearheading major business development initiatives; and optimizing people, processes and capital to improve profits and increase shareholder value.
Before arriving at CFM, Rowe served as the senior regional director with Great Lakes Business Credit (GBLC) in Troy, Mich., where he was responsible for expanding GLBC’s sales and marketing strategy throughout the United States. During his career, he has led $52 million revenue organizations with over 160 staff, compiling an enviable record of revitalizing sales operations, building successful sales and credit teams, managing key accounts, spearheading major business development initiatives and optimizing people, processes and capital to improve profits and increase shareholder value.
Rowe graduated summa cum laude with an MBA in Finance from the University of Detroit, and he holds a Bachelor of Arts degree in Economics from the University of Michigan. He also successfully completed the Executive Leadership Program at the Sam M. Walton School of Business in Fayetteville, Ark.
Capital for Merchants offers businesses an alternative to traditional small business loans to help them get the working capital they need. A cash advance from Capital for Merchants offers small business owners an easy application process with fast approvals and funding, plus low factor rates and flexible repayment periods. Capital for Merchants has partnered with award-winning, multi-billion dollar credit card processor North American Bancard to offer businesses modern innovation with cutting edge technology, world class service, and award-winning employees dedicated to helping American businesses thrive.
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