The Economic Development Collaborative-Ventura County announced the addition of Marvin Boateng as the nonprofit organization’s new loan officer.
Online PR News – 12-October-2012 – Camarillo, Calif. – The Economic Development Collaborative-Ventura County announced the addition of Marvin Boateng as the nonprofit organization’s new loan officer. He replaces Joe Palmer, who retired after six years with EDC-VC. Boateng hails from the banking industry, serving as a branch manager and financial service specialist.
EDC-VC is a regional lender that provides funding for businesses that have been turned down by traditional financial institutions. Boateng will service EDC-VC’s loan portfolio – consisting of five separate loan funds with 68 open loans totaling nearly $4.4 million dollars – and will develop new loans. He is tasked with bringing on new sources of capital, while building relationships with the region’s lending community. EDC-VC’s Boateng will work closely with EDC-VC’s Small Business Development Center’s approximately 30 advisors to evaluate client financials, identify sources of capital and serve as a resource for financial questions.
“Marvin has a strong blend of skills, motivation and understanding of how small businesses can access capital. His background in banking will be invaluable, as he understands both the clients’ and institutions’ perspectives,” said Bruce Stenslie, president/CEO EDC-VC.
Prior to working at EDC-VC, Boateng was a branch manager at U.S. Bank in Canoga Park and an assistant branch manager at U.S. Bank in Santa Clarita. He has also worked as a financial service specialist at Union Bank in Encino. Boateng graduated from California Lutheran University with a master’s degree in public policy administration and received his bachelor’s degrees in economics and African studies from California State University, Northridge.
EDC-VC is a private, nonprofit organization that serves as a business-to-government liaison to assist businesses in Ventura County by offering programs that enhance the economic vitality of the region. For more information about the Small Business Development Center and loan, manufacturing outreach and international trade programs, contact Bruce Stenslie at 805-384-1800 ext. 24, or email@example.com. Or visit www.edc-vc.com.