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Chesswood Announces New US$ Million Warehouse Facility - Pawnee Leasing
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Chesswood Custom Woodworking
Since the start of his career with a major international firm, to his present position as President and Chief Executive Officer and Founder of Chesswood Group Limited, Mr. Shafran's expertise has been in strategic planning, and the design and implementation of growth strategy including mergers and acquisitions. He also has extensive experience in change management and raising capital, publically and privately. A Chartered Professional Accountant, Mr. Chesswood provides small-ticket equipment financing to small businesses across the U.
Chesswood Group Limited , a North American commercial equipment finance provider for small and medium-sized businesses, announced it is temporarily suspending its monthly dividend as part of its broader initiative to be able to draw on its revolving credit facility to resume funding new business in the U. Chesswood also announced Ryan Marr has joined Chesswood as an advisor, to help design and implement new funding strategies for our businesses. Given our critical mass today and our need to continue to diversify funding sources, Ryan will be helping Chesswood develop alternative approaches to funding our new originations," said Barry Shafran, Chesswood's President and CEO. Chesswood and its operating subsidiaries implemented several cost-cutting measures as soon as the potential severity of the COVID pandemic became evident, including staffing reductions, a temporary 20 percent reduction in management compensation and temporary cessation of payments of director compensation.