Michael Rye has been named as the new business development officer for BrightBridge Capital.
BrightBridge maintains a portfolio of commercial loan programs that aim to meet the unmet needs of startup and existing businesses, as well as nonprofits, within the service areas of North Alabama, Georgia and Tennessee.
Mr. Rye’s focus will be on developing SBA 504 loans within BrightBridge’s Tennessee portfolio. Based out of Clarksville in Montgomery County, Mr. Rye will primarily focus his work in middle Tennessee, including Davidson County and all surrounding counties, as well as Henry and Madison Counties in west Tennessee.
"With over 11 years of commercial banking experience, Rye has an excellent reputation for customer satisfaction, credit decision and portfolio management," officials said.
"Over the years, Rye has built customer loyalty by effectively resolving problems and quickly processing loan transactions."
“Michael’s years of experience in commercial banking will serve him well in this role. Small businesses are vital to our economy, so having someone who already has strong banking relationships and also understands the SBA loan process will be a huge asset for our current and future clients,” said BrightBridge President and CEO Mike Ohlman. “Michael is what we like to call a ‘reformed banker who has seen the light’ – and we are thrilled to have him join our team.”
“I have always challenged myself to provide the best financial options for my clients,” said Mr. Rye. “I know that when they’re successful, we are all successful and I’m excited to be a part of that equation.”