566: Bill Bromley: Merchant Cash Advance Cashflow

My guest in this episode is Bill Bromley. Bill has worked in the financial services industry for 30 years. His experience ranges from holding middle management in Regional Banks to starting a successful de novo bank from scratch. First Sterling Bank started as a de novo bank in 1988 and is now part of Bank of America. Bill also led an investor group that bought and recapitalized a troubled Eagle National Bank with a $10 million initial capital raise. It took 18 months to bring the bank back to satisfactory condition and built its asset base from $60 million to $300 million while increasing the capital base to $25 million. Bill has also held board of director positions with the Pennsylvania Bankers Association and the Pennsylvania Community Bankers Association.

He is now the CEO of Capital Source 2000.

Interview Links:

Capital Source 2000