Enterprise Bank established a new financial division to provide custom financing solutions for professional practices.
Enterprise Bank and Trust, the banking subsidiary of Enterprise Financial Services, has created a Professional Practice Finance Specialty Lending Division to provide custom financing solutions for the licensed professional service industry.
The new division will be headed by two industry veterans, Howard Boles and Michael King. Both have experience working with dentists, physicians, optometrists, and other professionals to facilitate the purchase and growth of their practices.
Boles has been appointed the senior vice president, director of practice finance of Enterprise’s Professional Practice Finance Division. He has served the practice finance lending niche for more than 25 years, most recently as the senior vice president, professional practice finance at HomeStreet Bank.
King will serve as the division senior vice president, credit and operations manager. With more than three decades of business lending experience, King has created and developed underwriting departments for multiple banks providing financing to the healthcare and professional practice industries. In his most recent role at United Midwest Savings Bank, King was the vice president and underwriter, lending nationally to dentists, veterinarians, optometrists, and other medical professionals.
“Howard and Michael bring profound expertise in the professional practice finance specialized lending niche that will allow Enterprise to swiftly rise to meet the needs of licensed professionals nationwide,” said Abby Kepple, president, specialized lending at Enterprise. “As both a conventional and an SBA preferred lender, we are equipped to assist practices with all of their
banking needs, provide flexible, personalized service and build strong client relationships, as Enterprise always strives to do.”