TCI Business Capital Adds 27-Year Factoring Veteran as SVP

TCI Business Capital hired Scott Franzen as senior vice president of business development. 

Franzen has more than 27 years of sales and business development experience in the factoring industry. He will be responsible for selling invoice factoring services to trucking fleets throughout the Midwest. 

“I’m thrilled to have Scott join TCI,” Mark Zitzewitz, senior vice president and general counsel at TCI Business Capital, said. “He has tremendous knowledge of the factoring industry. Scott’s experience and understanding of the financial needs of fleet owners, combined with TCI’s long history of providing factoring services to trucking fleets, make him an ideal addition to the company.”

Before joining TCI Business Capital, Franzen was part of the group that founded Marquette Transportation Finance in 2002. At Marquette, he served as senior vice president of sales, continuing after UMB Capital Finance acquired Marquette. Prior to Marquette, Franzen held factoring sales roles at Transport Clearings, Citigroup and General Electric. 

TCI Business Capital, a division of Fidelity Bank, is a financial services company headquartered in Edina, MN. The company provides financial services, including invoice factoring, accounts receivable management, credit analysis, risk assessment and treasury services.