LendingUSA Announces Three New Key Executive Hires

Marketplace Lender Bolsters Its Executive Team with Experienced Industry Veterans to Support Rapid Growth.

Sherman Oaks, Calif., May 16, 2016 – LendingUSA, a leading marketplace lender and provider of consumer point of need financing, today announced three new hires to its executive team in order to match increased industry demand for its services, including its point of need merchant financing portal. Terry Silance, formerly of Prosper Healthcare Lending and CareCredit, and Carlos Herrera, previously at a B2B lending platform, will both assume the role of Vice President of Business Development. Michael Hill, former Senior Account Manager at LendingClub Patient Solutions, has been appointed LendingUSA’s Senior Relationship Manager.

“Together, Michael, Terry, and Carlos bring over sixty years of sales, business development, and financial services expertise to LendingUSA,” says Camilo Concha, founder and CEO. “Their proven ability to identify customer needs, plan strategically, and generate results will be an invaluable asset to us as we continue to drive our company forward.”

Silance and Herrera will spearhead LendingUSA’s affiliate program, which offers attractive commissions for consumer loan applications and merchant enrollments onto its point of need merchant portal. The LendingUSA affiliate marketing program offers a solution to a diverse group of specialty markets, ranging from medical services including cosmetic and bariatric surgery, fertility treatments, and medical devices, to legal services, home improvement, consumer goods and pet retail, among others. Silance, a sales and marketing professional with high-level experience across multiple medical markets, and Herrera, an expert in solution-based selling and generating new business, will apply their years of leadership experience towards expanding LendingUSA’s presence across several diverse industry landscapes.

As Senior Relationship Manager, Hill will focus on cultivating and building relationships with LendingUSA’s highest-performing merchant partners. With fourteen years of sales experience focused on businesses generating over $1m in annual revenue, he will take a lead role as LendingUSA’s point of contact for businesses in the medical, retail, and legal fields who are seeking to grow their revenue and reach their full potential through fast, affordable client financing.

“We’re extremely pleased to welcome Michael, Terry, and Carlos to our team,” says Mike Testa, President of LendingUSA, who says the three new executives will assume their roles immediately. “As we continue to build and expand in the fast-moving world of marketplace lending, their insights and leadership will be an invaluable resource.”

About LendingUSA

LendingUSA specializes in point of need and direct-to-consumer financing solutions with a special focus on a wide range of elective medical services and consumer goods and services. The Company’s proprietary technology combines traditional and next generation underwriting and fraud detection techniques to approve loan applications in real-time – often in a matter of seconds. LendingUSA builds strong relationships with its merchant partners by providing the tools and training necessary for them to provide the appropriate financing to customers at their point of need. LendingUSA also powers a proprietary network of websites that help thousands of people each month research and obtain financing for healthcare and plastic surgery loans, fertility loans, dental loans, legal loans, pet loans, and many other needs. All loans are made by Cross River Bank, a New Jersey State Chartered bank, Member FDIC. Loans are not currently available in Connecticut, New York and Vermont.

For further information about LendingUSA and its Affiliate Program, please contact David Rueda, Vice President of Sales for LendingUSA, at 1-800-994-6177 Ext. 513 or [email protected].

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