• Dec. 4, 2016, 10:30 pm

Small Business Finance Association names new executive director

The Small Business Finance Association (SBFA) has named Stephen Denis its executive director.

After graduating from Harvard in 2003, Mr. Denis was a Legislative Aide for Senator John Sununu for three years. He then joined the Confederation of British Industry as a Washington-based Senior Policy Advisor. They represent 190,000 British private companies.

After spending two years as the Director of Government Affairs and Economic Development for the Cincinnati Business Committee, Mr. Denis joined Congressman Steve Chabot’s staff as Deputy Chief of Staff and Staff Director.

While more financing options are emerging for small business, their merits still have to be promoted to legislators and constituents.

"When defaults are low any scoring model works. The true test of time is how these models work when we are in a down economy or a recession."

Capify CEO David Goldin

“The innovative companies that are disrupting the way small businesses access capital are creating opportunities for economic growth,” Mr. Denis said. “Traditional finance is changing out of necessity for small businesses and SBFA’s mission is to be the voice of the alternative financing industry for small businesses and establishing industry best practices and education.”

The need for an experienced hand in Washington is one of the reasons Mr. Denis’ hiring made sense, SBFA President and Capify CEO David Goldin said.

“We felt it was time to bring on an experienced Capitol Hill veteran to make SBFA the leading voice for alternative small business finance in Washington. It is time to come together as an industry to ensure we have a strong and unified voice on behalf of the small businesses we serve.”

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