Finance company Context Business Lending (CBL) has promoted Stephen Butler to the position of Co-Chief Credit Officer. Mr. Butler will serve alongside newly appointed fellow Co-Chief Josh Beauvais, and the pair will have joint responsibility for leading the company’s loan review process and continuing relationship with borrowers.
"We believe that having two experienced, creative minds at the helm of credit optimizes our ability to create flexible working-capital solutions and lower our risk," said CBL chief executive officer Meredith L. Carter. "Even beyond our Co-Chiefs, every member of our credit team is empowered to independently analyze risk and challenge long-held ABL practices. We believe that through a collaborative decision-making framework, we can better maximize creativity and manage risk."
Mr. Butler has spent the last three years as a credit officer and underwriter with CBL, and has experience across asset-based loans for banks and non-banks across the U.S.