The chief executive officer of Troy-based Bridge Business Credit, (BBC) has been appointed to the executive board of the Turnaround Management Association.

Rhett B. Rowe, who has served as Bridge’s CEO since August 2020 and led the earlier recapitalization of Great Lakes Business Credit, has led the reshaping of the company brand identity to Bridge Business Credit along with its record level growth in the past two years. His efforts have significantly expanded BBC’s ability to offer asset-based lending to operating companies which need it the most.

“We are honored to welcome our new board of trustees and executive board members, whose leadership and vision will steer TMA into an exciting era,” said TMA CEO Scott Y. Stuart. “Our association thrives on the dedication and expertise of our leaders, and together, we are committed to advancing the transformative work of our members, promoting best practices in turnaround and restructuring, and building a more resilient and innovative future for our industry.” 

Rowe has over 30 years of experience in driving success through strategic planning and execution. He is active in the Turnaround Management Association, the Secured Finance Network, and the Risk Management Association. Rowe entered commercial banking after earning his degree in economics at the University of Michigan and soon after completed his MBA in finance at the University of Detroit.

Throughout the past two years Rowe has led BBC through a substantial pattern of growth helping it to become one of the fastest growing alternative commercial finance companies in the country.

About Bridge Business Credit: Located in Troy, Michigan, Bridge Business Credit (formerly Great Lakes Business Credit) was established in 2002. Its experienced team of dedicated financial professionals serve companies with potential that are unable to obtain conventional financing. By working to understand their client’s business, Bridge structures flexible financing with asset-based lines of credit. Eligible collateral categories include: accounts receivable; inventory; machinery and equipment; as well as owner-occupied commercial real estate. Learn more at www.bridgebusinesscredit.com or by calling (248) 733-0300.

About Turnaround Management Association: TMA is the most diverse group of professionals in the turnaround, restructuring, and corporate health space. It is the only non-profit global organization that allows members of the industry to build their personal brand and develop their professional network. Members include turnaround specialists, attorneys, accountants, advisors, liquidators, and consultants, as well as academics, government employees, and members of the judiciary. 

# # #