LQD Business Finance Promotes Jack Zeng to Chief Technology Officer

Chicago-based lender announces change in leadership for 2021 with new CTO

LQD Business Finance, a Chicago-based commercial lender, announced the promotion of Jack Zeng to Chief Technology Officer. In his new capacity, Zeng will be leading all efforts behind the company’s automation and technology solutions to continue expanding the capacity of its proprietary lending systems.

As LQD Business Finance continues to compete in the private debt market, Zeng’s leadership will be instrumental in broadening the company’s portfolio, with a focus on further streamlining and innovating methods of business development and operations.

“Jack is a creative thinker and problem solver who embodies the values of excellence at LQD, and we are pleased to have him on our leadership team,” said CEO, George Souri.

Since joining LQD Business Finance in January of 2020, Zeng has made extensive contributions as Director of Automation and Special Solutionsto building and deploying the advanced processes that drive the company’s unparalleled lending model and proprietary technology. Zeng was also an integral part of launching the LQD PPP Platform, an end-to-end solution for managing PPP applications, in under a month’s time.

“As LQD starts to offer our industry-leading approach to managing financial processes as a platform for other businesses, it has never been more important for the technology team to focus on the business value technology helps deliver,” said Zeng. “A successful CTO at LQD is the techie who gets all the blame when things go wrong and stays anonymous when things go right. I am excited about the challenge, and

I look forward to becoming unnoticed in this role.”

Previously, Zeng was the founder of Shanghai Bailiang Investment and Management, a private fund management firm specialized in quantitative trading in China. He also held positions at IBM and PwC with a focus on leading implementations of global content management and regulatory submission systems. He brings over 20 years of experience in business consulting and development, with an emphasis on process improvement and computerized system implementation and integration.

About LQD Business Finance

LQD Business Finance is a Chicago-based, tech-enabled business lender that provides dynamic financing solutions to the lower middle market. Founded in 2014, LQD Business Finance delivers structured, flexible, and transparent financing options of up to $10M in 30 days or less. LQD Business Finance’s transformative approach to lending offers custom-tailored solutions that are specific to the needs and goals of each customer with a focus on efficiency and long-term development. Please visit www.lqdfinance.com, www.linkedin.com/lqd-business-finance, and www.twitter.com/lqdfinance for additional information.