Utica Equipment Finance Expands Staff to Support Growth

April 2, 2019

Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, recently announced two new hires to support their growth. Marc Parauka has joined as Director of Credit and Underwriting, and Matt Worman has joined as Business Development Officer covering the Midwestern and Central U.S. markets.

“Marc and Matt are extraordinary finance professionals and are an important part of our future,” said Ed Stolarski, co-founder and President of Utica Equipment Finance. “Both are well respected in the industry, have a strong track record of helping clients, and bring a vast network of industry connections. I look forward to their contribution as we build out our equipment finance platform.”

Meet UEF’s newest team members:

Marc Parauka is a seasoned credit professional with strengths in financial analysis and managing customer relationships. Before joining Utica Equipment Finance, he was Vice President, Business Banking Credit Analyst at Wells Fargo. Previously, Marc was responsible for underwriting complex equipment lease and loan transactions with EverBank and GE Capital with a focus on the marine, energy, oil & gas, and construction industries. Marc earned his BS in Business Administration from Bryant University.

Matt Worman is responsible for the company’s sales efforts and overseeing business development activities. Dedicated to serving clients, Matt has an innate ability to understand a company’s specific needs and structure finance products to support clients’ growth efforts. He brings 15 years’ experience in the equipment leasing industry. Before joining UEF, he held senior sales positions with Nations Equipment Finance, NewStar Financial, and Radius Bank, and started his career at First National Corporation. He earned his BS in Business Communications from Kent State University where he graduated cum laude.