Petrobanc Finance is a commercial lender that provides loans to gas station and convenience store owners for acquisitions, new construction, refinancing or equity cash-out, or major facility upgrades.
Management Team
Petrobanc Finance is led by a management team that has worked closely together for years to deliver gas station and convenience store loans to dealers and wholesalers. We have direct experience in major oil company retailing operations and gas station/C-store equipment leasing. Our track record includes more than $300 million dollars in loan structuring and credit underwriting for gas station and convenience store operators. We have been key players in recent major-oil company site divestitures, including Shell, BP, and Arco, completing over $100 million worth of these time-critical loans on schedule.
Kevin J. Morley
President
Kevin brings to Petrobanc Finance his extensive experience in both the petroleum and financial services industries. Kevin served with Citigroup Franchise Finance (CFF) from 2001-08 and was a founding member of the Dealer Finance Team. During that time he originated loans to more than 100 customers totaling $175MM. In 2006-07 he assumed the role of Marketing Manager for the Dealer Finance team, implementing procedural and operational changes that allowed the group to capitalize on major-oil site divestitures and achieve the highest funding levels in its history. Prior to joining Citigroup, Kevin worked in several financial companies providing loans to the gas station and convenience store industries. He began his career with Exxon Co. USA, where for twenty years, he progressed through a series of management-level positions in marketing, logistics and refining.
Scott Poulsen
Chief Credit Officer
Scott served at Citigroup Franchise Finance (CFF) from 2002-08, holding positions in underwriting and new business development. As an underwriter he supported both the restaurant and petroleum divisions, including more than $100MM underwritten for the Dealer Finance team. For his contributions, Scott was promoted to vice president and moved into Marketing as the western region team leader. In that role, he spearheaded alliances with major oil companies to secure preferred lender position for CFF in their site divestitures. In 2007 Scott was named business manager for the Dealer Finance team.
Ted Smith
Chief Marketing Officer
Ted has been in commercial finance for more than 20 years and has marketed to C&G operators for the last eleven. Ted’s first sales role in this industry was as a representative for an HP subsidiary (VeriFone), leasing proprietary and ancillary equipment. Ted was always the top producer for this division. He joined Citigroup Franchise Finance (CFF) in 2004 as a vice president, originating loans on the West Coast, and has funded more than $100M in that time.
