Consolidation will make operations more efficient, says group president of commercial equipment finance Laird Boulden, who will temporarily head up the unit.
"Bringing the franchise finance headquarters to Chicago will allow us to efficiently enhance the service we provide to franchisees as we continue to focus on this important market," Boulden says.
Efficiency, not geography, prompted the move, he adds. "Our clients are located across the United States," Boulden tells GlobeSt.com. "The reason for bring franchise finance to Chicago had nothing to do with it."
Clients include fast-food, convenience store and gasoline station franchises such as Burger King and Taco Bell.
Meanwhile, Heller Financial has elevated Robert E. Radway to executive vice president of corporate strategy and development. He had been responsible for development as well as health care finance. Howard Widra also is new group president of health care finance.
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