Richard Sinclair, CORBC founder and CEO, a 35 year industry veteran
On February 1, 2009; Richard Sinclair opened Correspondent Business Credit, an alternative asset based lending company with a mission to continue the tradition of local people making local decisions to help local companies through challenging times.
Richard began his banking and finance career at Equitable Bank in Maryland and, with increasing levels of responsibility, remained with the Bank through and beyond the merger with Maryland National Bank (now Bank of America).
In 1992, he was hired by Presidential Financial Corporation. During his tenure, he rose to the position of Executive Vice President of the parent company, and President of Presidential Financial Corporation of the Chesapeake and Midwest. He oversaw a team that provided asset based lending services, including origination, underwriting and collateral and client management, to clients in Maryland, Washington, D.C. and Virginia. When Presidential Financial adopted a new strategic direction in January 2008 in which back-office and sales management functions were brought into the corporate headquarters in Tucker, GA, Richard’s position, among others, was eliminated.
A graduate of N.C. Wesleyan College and the Maryland Banking School, Richard has been a resident of Maryland his entire life.
“I believe in fair deals and win - win - win results. Our clients will have the financing tools available to grow successfully – win. Our referral sources will have an alternative that is completely local, directly involved and able to take action – win. Our reputation and future is built one referral at a time – win. With more than one billion dollars in accounts receivable financed over the last seventeen years, I have financed hundreds of small businesses that could not obtain traditional financing. 100% of my clients have been referrals and I am proud of that trust.”
Annette Grzymala, CORBC Credit Risk Manager and Vice President
Annette started her career in equipment leasing at Community Bank in Huntington Park, CA., where she became the documentation manager for the Northern California area, specializing in machine tool financing.
In 1990, Annette made the move to LCA Capital where she led the documentation department for five years, increasing her knowledge of equipment leasing and alternative credit solutions.
In 1995, Annette moved to the East coast and began working for General Electric Capital Corporation (GE) in Maryland. She moved up in the ranks to documentation manager where she managed a team that provided support to the equipment lending group and helped the portfolio grow to $1.7 billion. In 2005, she made the switch to risk analyst. It was there that she gained greater knowledge of the credit approval process and account management, which was highlighted by her increased line authority. During reorganization by GE, Annette’s office was closed in January 2009.
Annette earned her Bachelor’s Degree in Accounting from the University of Phoenix.
James Pierce, Independent Originator
Jim joined Correspondent Business Credit in April 2009. For the past 14 years he has originated over 100 asset-based loans and working capital credit facilities for numerous small business customers. After relocating from Baltimore to Delaware in 2005, he formed Pierce Advisors, LLC to assist small and medium sized companies with financing and treasury management services.
Prior to 1995, Jim held management positions with Maryland National Bank, Maryland Bank International and MNC Commercial. In those positions he gained experience structuring senior debt facilities in conjunction with management buy-outs of corporate divisions and subsidiaries, as well as privately held companies. He also worked on financing transactions for corporate mergers and acquisitions, as well as term financing for international clients.
Jim is holds an undergraduate degree in Economics and earned his MBA from the University of Michigan. “I am a big believer in Richard Sinclair’s win-win philosophy and the integrity he brings when delivering his firm’s promise to provide critical financing tools to small and growing businesses. Correspondent’s motto ‘We want you to grow’ expresses our desire to help entrepreneurs take their companies to the next level and beyond.”
Lisa Tribull, Assistant Vice President
Lisa joined Correspondent Business Credit in August 2009 as an Alternative Asset Based Lending Risk Manager, and was promoted to Assistant Vice President in May of 2010. Beginning her banking career in 2002 with First Mariner Bank, Lisa moved up quickly through Retail Banking where she fine-tuned her organizational and operational skills - always with an eye to detail. Her experience and skills qualified Lisa to move into Business & Executive Banking where she became the Operations Manager. Additionally, Lisa took on the role of Money Service Business Risk Manager, insuring adherence to compliance and regulatory requirements within the bank.
In addition to her full-time work, Lisa is currently working on a Bachelor’s Degree in Business Administration from the University of Baltimore.
