Beverly, Mass.—NFS Capital, LLC (formerly NFS Leasing, Inc.), a privately-held leader in equipment finance across the U.S. and Canada, today announced the appointment of Eric P. Renaud to Chief Credit Officer, effective January 1, 2022. He replaces Mark Blaisdell who announced his retirement and will continue to serve as a Senior Advisor for the company.
In his role as Chief Credit Officer, Mr. Renaud will provide strategic and operational leadership for all aspects of credit and risk management of the company. Mr. Renaud joined NFS Capital in May of 2021 as Senior Vice President of Credit, and prior to that he served as Division President of Thrive Payments, and also held a variety of executive positions in operations, credit and portfolio management at Direct Capital, CIT and Firestone Financial. A seasoned credit risk professional with more than 30 years of experience, Mr. Renaud has extensive knowledge in equipment financing, structured finance, and commercial lending.
“Eric has been a very notable and solid addition to our Executive Team. He brings years of operational and strategic excellence in credit and risk management and has already made a significant impact on our team. I know that Eric will continue to add tremendous value as we grow the business and I am grateful to have him on board,” said Ashley Whyman, President, NFS Capital.
“Our clients are not just numbers on a spreadsheet to us,” said Mr. Renaud. “We want to learn about the stories behind the numbers to provide creative financing solutions and structures to support the unique, non-traditional financing needs of our customers without the rigid and obsolete credit requirements that come with traditional lending programs.”
A resident of Methuen, Mr. Renaud holds the designation as a Certified Franchise Executive and has served as a speaker and panelist at various conferences covering risk management and business lending.