Business Credit Partners Appoints New President and CEO
ARDMORE, PA – January 3, 2008. Business Credit Partners, L.P. (www.bcpfunding.com), an established and traditional asset based lender (ABL) headquartered in Ardmore, PA is pleased to announce the appointment of Rocco P. Perate as its new President and CEO to direct its commercial finance business.

Mr. Perate is a 20-year veteran of local and national small business lending with substantial experience as a U.S. Small Business Administration (SBA) lender. He is the founding principal as well as the President and CEO of Preferred Capital BIDCO, Inc. (http://www.sbayes.com/rocco/roccoprofile.aspx), a nationally recognized and chartered SBA lending company. Mr. Perate sits on the boards of many industry-related groups and is a speaker and contributor to local and national small business publications and organizations. He is now a principal in BCP as well.

“I am thrilled with the opportunity to manage and operate this outstanding commercial finance business,” said Mr. Perate about his new role. “BCP has a diverse existing portfolio of customers being administered by an experienced and outstanding team of professionals who fully understand their ABL products and their clients’ needs.”

Mr. Perate will divide his time between Preferred Capital BIDCO and Business Credit Partners, capitalizing on the strengths of both teams servicing small business customers. Having already witnessed a strong need by customers and referral sources for both ABL and SBA products, Mr. Perate anticipates a robust year. “It is also likely in 2008 that BCP will be branded under the Preferred Capital name to support overall name recognition and to enhance the companies’ overall marketing efforts. With the two companies’ product lines and synergies, we are planning to expand our business development staff as well as our geographic market in 2008.”

Business Credit Partners, L.P. (BCP) is a privately held commercial finance company, servicing small to mid-sized businesses with credit needs up to $3 million. BCP’s primary goal is to provide clients with working capital to use for growth, reorganization, turnaround and/or expansion. BCP seeks to accomplish this by offering a wide range of ABL and/or factoring products tied to the prospective clients’ needs and their collateral strength. Business Credit Partners’ corporate headquarters are located at 2320 Haverford Road, Ardmore, PA 19003.

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