BriteCap Financial Announces Richard Henderson as New CEO

North Hollywood, CA & Las Vegas, NV (October 31, 2024) — BriteCap Financial LLC (“BriteCap”), a leading non-bank lender providing small businesses with quick and convenient financing solutions, today announced the appointment of Richard Henderson as its new CEO.

Outgoing CEO Sri Kaza stated, "I’m proud to see Rick take the helm at a time when BriteCap is poised to bring financial solutions to the market at scale. His experience and relationships across the industry will open doors for many more small businesses."

BriteCap joined the North Mill Equipment Finance (NMEF) family of companies in 2023. David C. Lee, Chairman and CEO of NMEF, added, "We are thrilled to have Rick lead BriteCap. His two decades of success in equipment finance and working capital lending align well with our strategy to offer comprehensive capital solutions to small and medium-sized businesses. We look forward to developing unique solutions and programs with our key referral partners in collaboration with BriteCap."

"I’m excited to join BriteCap and lead such a respected, values-driven company," said Rick Henderson, CEO of BriteCap Financial. "BriteCap’s tech-enabled funding platform blends the speed and convenience of self-service with the expertise of a dedicated team, making it easier for small and medium-sized businesses to access the capital they need. I look forward to working with the BriteCap team and our strategic partners to continue developing innovative solutions that empower America’s business owners and the finance brokers who support them."

About BriteCap FinancialBriteCap Financial is a leading provider of working capital to small businesses across the United States. Founded in 2003, BriteCap uses technology and non-traditional credit algorithms to offer fast, convenient, and affordable working capital directly to businesses or through its broker network. For more information about becoming a partner, visit britecap.com/become-a-partner.

About North Mill Equipment FinanceNorth Mill Equipment Finance (NMEF) provides small to mid-ticket equipment leases and loans ranging from $15,000 to $2,500,000. NMEF, a broker-centric private lender, finances A – C credit transactions for a wide range of asset categories, including construction, transportation, vocational, medical, and manufacturing equipment. NMEF is majority-owned by an affiliate of InterVest Capital Partners and has headquarters in Norwalk, CT, with regional offices in Irvine, CA, and Voorhees, NJ.

Media ContactsFor BriteCap:David SchneiderVice President of Marketing, BriteCap Financialdavid.schneider@britecap.combritecap.com954-494-1606

For NMEF:Don CosenzaChief Marketing Officer, NMEFdcosenza@nmef.comnmef.com203-354-1710