Established in 2016, the SFNet Awards recognize and celebrate the achievements of young professionals in the Secured Finance Industry. These recipients are “movers and shakers who exemplify true excellence in their careers and demonstrate commitment to their communities as well as to the industry.” SFNet identifies the recipients of this award as future leaders of the Secured Finance Industry.
Loren played a monumental role in the development of the Canadian Factoring Industry, since its launch in 2017. In five short years, his dedication has paid off, with over $3 billion funded to 1200+ companies. REV Capital is proudly hitting one milestone after another, with the launch of its newest subsidiary, REV Tech and new Eastern Division.
Amongst his many other publications, Loren is excited for the opportunities this award presents and continues his quest to make factoring more approachable for all. He shares some invaluable advice with SFNet on his journey to success.
“I implemented new protocols, created new roles, and constantly questioned the status quo. Some things worked, others didn’t, but every risk I took taught me new lessons that inform the decisions I make today.”
Loren’s strategic efforts as CEO have led the company to record growth, crushing long-held skepticism surrounding invoice factoring as a cashflow solution. With REV Capital, Loren strives to end the stigma that has plagued factoring in the commercial finance industry, allowing small businesses to reach their full potential. Loren naturally embodies who you want as a leader and his collaborative efforts empower others to do their best. Above all, he understands growth better than anyone else.
“If you are comfortable, you are not growing,” says Loren, in his SFNet interview. “Everything I know I learned from doing. I started in this industry as a collection agent and worked my way up through the ranks until I eventually became a minority shareholder, then a selling shareholder, and now a founder. The person I am today is not the person I was 15 years ago.”
To learn more about our company and Loren’s journey, visit our Newsroom.
REV Capital is a rapidly growing financial factoring company and asset-based lender with seven offices across North America. They are leading providers of trustworthy, transparent, and reliable cashflow solutions that provide clients with financial stability and opportunities for growth.