CapitalPlus Promotes Powell and Rathbone, Closes $1.5MM in Transactions

CapitalPlus promoted Curt Powell to vice president of sales and Laura Rathbone to vice president of underwriting.

As vice president of sales, Powell will assume additional responsibility for leading the internal and external sales teams as well as managing existing referral relationships. He joined CapitalPlus four years ago as the only sales representative and has assumed positions of increasing responsibility during his tenure with the firm.

As vice president of underwriting, Rathbone will oversee the underwriting and funding functions for CapitalPlus. Additionally, she will evaluate existing processes and procedures to create a new framework focused on continuous improvement and customer experience.

“We’re looking forward to their continued contributions to the company,” Brent Chambers, EVP of CapitalPlus, said. “They are strong performers who have added immeasurably to the company’s success.”

In addition to promoting Powell and Rathbone, CapitalPlus closed three transactions in August, including:

• A $1.2 million receivables financing for an excavating and demolition contractor in New York

• A $200,000 factoring line for a construction contractor in Texas

• A $100,000 factoring line for a finishing subcontractor in Washington