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Deborah Monosson Named President of
The Commercial Finance Association
Bridges the “Capital Gap” for Fast-Growing Companies
With Asset-Based Lending
-- First Woman President in 60 Years --
BOSTON, January 3, 2008 - Deborah Monosson, a seasoned asset-based lender, has been named president of the industry's largest professional organization, The Commercial Finance Association (CFA).
Monosson, who has been an active member of the organization's executive committee, runs Boston Financial & Equity Corporation, the nationwide lender based in Boston. She joins CFA at a pivotal time of growth and is the first woman in the position in the history of the CFA.
“Asset-based lending is the $500 billion engine that drives new business,” said Monosson. “Most people don't even know it exists – but we provide the capital that lets fast-growing companies expand, especially when banks are not yet comfortable funding their growth.”
The CFA, headquartered in New York , is the industry's most influential voice in this fast-growing market for much-needed capital. Its members include the Bank of America, Citizens Bank, Wells Fargo Bank and Wachovia Bank, as well as other key sources of commercial lending, including General Electric, General Motors and UPS. As the authoritative voice on the asset-based lending industry, its staff frequently educates legislators about how the availability of capital can be used to accelerate growth in virtually every market.
Monosson, joins new CEO of the CFA, Andrej Suskavcevic. Monosson's firm is widely known for its expertise in providing capital for start-ups and other companies typically considered high-risk.
She joined the Boston Financial & Equity Corporation 18 years ago. The firm was founded by her father, Sonny Monosson, making BFEC one of the industry's few successful second-generation firms.
She earned her B.S. degree from Skidmore College and an M.B.A. from Boston University and lives in Cambridge, Mass.
Contact:
Deborah Monosson
Tel: (617) 267-2900 x121
Email: debbie@bfec.com
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