Richard A. Simons
SVP, MB Business Capital
Richard A. Simons is a senior vice president for MB Business Capital, responsible for managing credit and monitoring its loan portfolio.
Simons has nearly 35 years of experience encompassing virtually all aspects of finance and asset based lending. From 2008 until the merger with MB in 2014, Simons was group senior vice president and the head of credit for asset based lending for Cole Taylor Business Capital. Prior to that, he was division manager for LaSalle Bank’s Metropolitan ABL Group, running a fully functional independent asset based lending office with full P&L responsibility and in charge of new business, portfolio management including retention and client service, and supervising liquidations and workouts as needed. He has served in similar senior positions as Senior Vice President and Regional Manager for both The CIT Group’s Star Division and Bank of America’s Commercial Funding Division. Earlier in his career, he served as a field examiner and account executive for both General Electric Credit Corporation and Northwest Acceptance Corporation, and also was a tax professional for Ernst & Young.
Simons is a graduate of University of Illinois with a degree in Accountancy, and is a Certified Public Accountant. He also holds a Juris Doctorate from Chicago Kent College of Law and entered the Illinois Bar in 1987.