Fred Clough Email & Phone Number

Portsmouth, NH

Hampton, NH

EverBank Commercial Finance, a division of EverBank Financial Corp, provides product financing solutions to businesses, dealers and manufacturers in the healthcare, office equipment, technology and plastics/packaging markets across the US.

Camden, ME

• Oversaw all credit management for newly created Vendor/Dealer Division formed to establish a middle market presence for one of the nation’s largest independently-owned specialty finance companies – transitioned with.
• Contributed to several key strategic and new business development initiatives – wrote and influenced adoption of sound credit policies and front-end guidance for Franchise, Transportation, Construction and Vendor.
• Led a team of two responsible for all underwriting and risk assessment for dozens of highly complex transactions valued up to $20MM – personally underwrote more than $100MM of division’s most complex transactions
• Successfully leveraged solid financing relationships facilitating profitable middle market growth across a broad range of industries including marine, construction, crane, plastics and specialty haulers. Replaced 22%.
• Structured dedicated and efficient credit support for high volume transportation business with individual transactions valued up to $200K.
• Reduced company’s overall concentration risk more than 20% by co-managing/expanding external funding relationships to include Peoples Capital, TD Equipment Finance, Wells Fargo Equipment Finance and TCF Equipment Finance

Portsmouth, NH

• Successfully transitioned with original 12-member team from ORIX Vendor Finance to establish brand-new financing division serving equipment vendors and dealers within capital intensive industries
• Oversaw two credit office divisions and three dedicated staff in New Hampshire and Georgia responsible for underwriting and evaluating individual transactions valued up to $5MM
• Effectively implemented sound credit policies and procedures for division portfolio aligned with challenging business model providing financing to vendors with substandard credit scores or prior bankruptcies
• Facilitated growth of bookings from $0 to $96.9MM in first 18 months increasing market presence within core industries – in first six months of operation, fundings increased over 30%
• Diligently monitored audit compliance with application-only credit and funding policy guidelines ensuring satisfactory conduit funding bank relationships
• Proactively researched industry and competitor data with dealers, sales professionals and industry publications tracking potential default trends and strategies

North Hampton, NH

• Recruited as key member of Executive Management Team to start-up a new business unit specializing in delivery of vendor financing solutions across a diverse range of industries including plastics, packaging, machine.
• Headed up all credit management for business unit having structured, analyzed and evaluated $110MM in bookings in the first 10 months of operations which held P&L responsibility
• Sourced and established blue chip vendor flow relationships with premier partners including Makino, John Deere, TEREX Financial Services, Windmoller & Hoelscher, Toshiba and JCB
• Personally underwrote $78.5MM in transactions through 294 contracts achieving extraordinary results including $0 in charge-offs, total portfolio past due rates of.48% and a net margin yield of 3.19% over comparable.
• Sustained impressive gross delinquency rates during tenure at ORIX of no more than.75%

Portsmouth, NH

• Led all credit and risk management responsibilities for sizeable division including underwriting, credit and financial analyses, collateral reviews, transactional structuring and reporting – oversaw a dedicated team of.
• Rapidly increased sole-signing authority to $2MM through an exceptional track record of high-integrity decisions and results
• One of youngest Credit Managers promoted to Vice President in company history
• Oversaw processing of more than 900 transactions annually averaging $275K – successfully managed year-over-year increases of up to 15% with no addition to staff or loss of quality
• Ranked as #2 volume underwriter while effectively balancing full management responsibilities including training, performance management and staff development – personally underwrote up to $75MM transactions annually
• Hand selected as one of three senior managers tasked to design, test and implement a successful app-only model for locations in New Hampshire, New York and Minnesota. Personally developed Excel-based model enabling.

Portsmouth, NH

Sole-signing authority to $350,000. Highest Individual Achievement award in 1998 for team effort. Note: Wells Fargo Equipment Finance acquired Charter Financial Inc. (of which Wentworth Capital was a division of) in March 2000.

North Quincy, MA

Mutual Fund Accountant. Zero pricing errors during tenure.

South Portland, ME