The executive management team of Rick Scheich and Jim DelVerne has extensive experience and knowledge in the financial services industry. Their many years of combined experience encompassing commercial financing, factoring, leasing, secured transactions, commercial loan workouts and financial consulting.
With their extensive background and experience in corporate finance, the team identified that smaller companies had limited access to conventional financing. They discovered many qualified capable providers of goods and services that cannot meet loan criteria established by conventional sources. These smaller companies are prevented from doing business with governmental agencies or major corporations due to loan limitations. The companies could perform competitively if they had direct financial support, or were able to use account receivables factoring in addition to banks. Hence, Northwest Capital’s mission is to provide alternative financing to smaller companies enhanced by the credit worthiness of the account being factored.
Richard A. Scheich | email@example.com
Rick is the Company’s Chief Operating Officer. He has responsibility for all of the Company’s administrative activities including supervising the documentation of all financial transactions. He received his undergraduate degree from the University of Michigan and has both a Masters degree in Business Administration and a Law degree from the University of Toledo.
Before joining Northwest Capital, Rick was in the private practice of law for over twenty-three years specializing in Commercial Transactions, Secured Transactions, Trade Finance, Commercial Lending and Leasing, Business Law, and Commercial Litigation. He is also a past instructor of Business Law at the University of Toledo and Lourdes College and a frequent lecturer on Secured Transactions, Business Law and Real Estate Law for the National Business Law Institute and Ohio State Bar Association.
Jim DelVerne | firstname.lastname@example.org
Jim is a principle and Director of Development. He manages our relationships with private lenders. Among his other duties, Jim oversees our purchase order funding group and assists with originating and structuring asset based transactions. He is a member of the company’s Credit Committee, and holds a General Business degree from Michigan State University.
For more than 15 years Jim has been involved in several start-up technology ventures. As founder and CEO of Gateway Defender he pioneered the development and growth of an email security company that grew to several millions in sales. Jim successfully sold the company in 2006 to MX Logic, Inc. returning a substantial return to the investors. His skills in financing and growing businesses helps Northwest Capital evaluate potential business and their risks associated with the opportunities.
John Walters | email@example.com
John serves as Northwest’s Chief Credit Officer as well as its’ Chief Risk Officer. John is responsible for identifying, quantifying and mitigating the credit and operational risks associated with our commercial financing operations. John holds a Bachelor’s of Business Administration degree from Ohio University with major concentrations in Finance and International Business.
John has over a decade of commercial banking experience. He has held credit, risk management and loan review positions at multiple FDIC insured banks and commercial financing companies. Additionally, John has over 10 years of commercial relationship management experience covering every aspect from business origination to collections and workouts.