FOR IMMEDIATE RELEASE
May 19, 2010
Contact: Anna Nason
SAN DIEGO, CA — Five Point Capital, a leading provider of financial services to small business owners, announced today that it named Michael Losey as its new Director of Portfolio Management. In this position, Losey will focus on managing the Client Relations and Portfolio Management teams.
“We are very happy to have Michael on our team. Michael’s background and knowledge in the leasing industry is a perfect fit to lead Five Point’s efforts to provide the highest levels of service to our current, former and future customers,” said Greg Wells, President and CEO of Five Point Capital. “We will leverage Michael’s experience to help shape the future direction of the company.”
Losey joins the firm with nearly 25 years experience in the financial services industry, including 20 years in the leasing industry. He had developed and maintained deep relationships with leaders across the financial services industry. Most recently, he served as Director of Portfolio Management for Balboa Capital. In this role, Losey oversaw a staff of collectors and customer service representatives as well as the in-house legal department. Prior to Balboa Capital, Losey was integral to Amplicon Financial, Orix Credit Alliance, Circle Business Credit, and Household Finance, all in California.
Losey began his career as a Combat Tank Commander for the U.S. Marine Corp and is a decorated veteran.
About Five Point Capital
With millions of small business owners unable to find enough funding to prosper and grow, Five Point Capital provides access to flexible working capital, revenue enhancing capabilities, and business finance consulting. We address the financing needs of underserved small business owners through our loan products, merchant cash advances, credit card processing, and equipment leasing programs. Learn more at www.fivepointcapital.com.