James P. Forrest's Profile
AFFILIATED FINANCING, LLC. Hoffman Estates, IL
MANAGING PRINCIPAL
1990 to date Founded by James Forrest in 1990, the firm arranges debt financing for growing small- to medium-sized businesses and large start-up projects wanting to increase profits through new equipment, supplier discounts, buying inefficient competitors, low rate Industrial Revenue Bonds or buying or refinancing commercial real estate. These transactions included Asset Based Financing, Equipment Financing, Bank Loan Negotiation and Private Placements ranging from $2 million to $500 million
To do this, assembled a loyal team of financing experts and a network of reliable institutional financing sources. Each advisor had financed billions respectively, in lines of credit, capital, real estate or equipment.
Mr. Forrest and his financial team worked effectively with banks, insurance companies, Wall Street conduits and commercial finance companies across the country. Registered for financing and loan placement with the Illinois Securities Department, Office of the Secretary of State, as LB2-00000001.
FIRST OAK BROOK BANCSHARES, INC., Oak Brook, IL
VICE PRESIDENT MARKETING
1983 to 1990 Represented three of this bank holding company’s independently chartered banks. Helped open a new bank in the Elk Grove market, which broke even in less than a year. Developed extensive referral network to sell cash management services and commercial loans to top executives in metropolitan Chicago.
Exceeded sales quota every year. Produced net profits of $250,000 from commercial checking accounts alone and more than a million dollars annually in DDA from new prospects from 1984 to 1990. One year, generated $1 million in DDA from firms whose loan requests had been rejected.
AMERICAN BANK & TRUST, Chicago, IL
RETAIL BANKING OFFICER, NEW BUSINESS DEVELOPMENT
1977 to 1983 Responsible for new business development in several industries, including law firms and commodity brokers, implementing sales programs, servicing new and existing accounts, processing installment and commercial loans and management reporting. Retail Banking Division’s leading business developer three straight years.
Education: NORTHERN ARIZONA UNIVERSITY, Flagstaff, AZ
Bachelor of Science in Journalism
TREASURY MANAGEMENT ASSOCIATION
Certified Cash Manager (CCM) 1989-1995
AMERICAN INSTITUTE OF BANKING & AMERICAN MANAGEMENT ASSOCIATION
Various Professional Courses
Associations: Massachusetts Institute of Technology Enterprise Forum, (www.mitefchicago.org)
• MITEF Chicago Advisory Board Member, 2004-2007
Midwest Business Brokers and Intermediaries 1997-present (www.MBBI.org)
• Moderator, Financing Alternatives Panel for “Best practices in Acquiring a Business” Seminar 09-21-2006
• Moderator, M&A Panel, “How to buy a business for $1 million or less”, 06-12-2007
Better Business Bureau of Northern Illinois 2004- present (www.chicago.bbb.org)
http://www.bbb.org/chicago/business-reviews/financing-consultants/affiliated-financing-services-ltd-in-hoffman-estates-il-880108
Activities: Various Civic, service and networking organizations. Golf and chess. Avid photographer who has produced corporate ad and slide presentations.
References: References from business, financial and legal executives, clients and profes-sional associates available on request.
Linked in URL is: http://www.linkedin.com/pub/0/237/20b
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