SPECTRUM Commercial Finance Opens New Office and Adds to Operations & Audit groups

Minneapolis — SPECTRUM Commercial Finance opens new Atlanta office and adds Vice President, Ira Almond, to its team of business development officers. SPECTRUM also hired Denna Kirkland, a new collateral auditor and Cole Uplegger, a collateral analyst, to support continued growth in the loan portfolio.

Ira’s addition gives SPECTRUM a new presence in GA, FL, TN and AL for both its asset based and factoring offerings. He brings experience in both asset based lending and traditional commercial banking, gained from time spent at Accord Financial, Wells Fargo and BB&T (now Truist Bank).

Denna will be based in Detroit to support new and existing customers in the MI, IN and OH markets. Her background includes audit positions with Comerica Bank, Ford, Flagstar Bank and the FDIC.

Cole joins SPECTRUM as a recent graduate of the University of Northwestern-St. Paul, where he received his degree in Finance. He will belocated in the Minneapolis office, working closely with the operations team that handles the asset based lending portfolio.

SPECTRUM (spectrumcommercial.com), which is headquartered in Minneapolis and has sales offices in Detroit, Charlotte, Phoenix, and now Atlanta, provides asset-based and accounts receivable financing solutions for businesses needing from $250,000 to $7 million secured by Accounts Receivable, Inventory, Equipment, and Real Estate. SPECTRUM’s clients are frequently under stress due to rapid growth, recent net losses, or limited balance sheet strength. SPECTRUM works primarily with banks and financial professionals providing a link between borrowers and lending solutions and have provided clients with a stable source of financing since 1995. SPECTRUM is a wholly owned subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured commercial bank headquartered in New Orleans.