United Community Banks, Inc. and its wholly owned subsidiary, Navitas Credit Corp., a provider of equipment financing, announced the hiring of Len Baccaro as Vice President of Business Development and Sales in the Strategic Accounts Division. Baccaro reports to Michael Karman, Senior Vice President of the Specialty Finance Division.
 
Baccaro brings nearly 40 years of industry experience to Navitas and will develop relationships with manufacturers and vendors in multiple retail verticals. With his strong background in business development, he and his team will focus on supporting these channels by leveraging Navitas’ unique financing model.

“I am really excited about working for a company with such an excellent reputation in the industry and look forward to contributing to the company’s record of growth,” said Baccaro.

Karman added, “Len brings a strong equipment financing background and expertise to the Navitas brand. He and his team’s record of success in these strategic verticals will help the company expand our reach into these markets and help more businesses get the financing they need.”

Prior to joining Navitas, Baccaro owned and sold two equipment brokerage firms, Independent Capital and American Equipment Finance. After selling each, he worked first for First Sierra Financial as Vice President of Sales, and then in 2011 he joined Ascentium Capital as Senior Vice President of Sales where he led their largest vendor sales group and oversaw business development for the franchise team.