Karen Turnquist

CEO and co-founder, Sage Business Credit

Karen Turnquist was CEO and co-founder of Sage Business Credit, an accounts receivable financing and asset-based lending company.  Prior to founding Sage Business Credit, Turnquist was co-founder and president of PrinSource Capital Companies, a Minneapolis-based commercial finance company providing accounts receivable financing and asset-based lending.  PrinSource was sold to North Mill Capital (now SLR) in 2011.  

Turnquist’s career includes 20+ years with several large national banks, and independent commercial finance companies, including Wells Fargo, US Bank, Fleet Credit Corporation and Fremont Financial Corporation. She is the past president and board member of the Risk Management Association.  A founding member and past president of the Upper Midwest Chapter of the Turnaround Management Association.  Karen served on boards for-profit and non-profit organizations, including the Minnesota Chamber of Commerce Small Business Policy Committee.  Ms. Turnquist is a respected expert in the fields of commercial finance, including factoring and asset-based lending, accounts receivable credit management, loan workout, turnarounds, and asset liquidations.