Ray Bradley, Managing Director – Equipment Lending and Leasing has joined Quaker State, effective December, 2015. He brings over 39 years of experience in the Commercial Lending / Investment Arena; most recently as President, First Source Funding, Inc. Ray has held numerous field and senior management positions with industry leaders such as GE Capital, Barclays Bank and Wachovia Bank. “This tenure has enabled Ray to gain extensive expertise in all areas of commercial lending, ranging from business origination, underwriting and funding a wide range of capital intensive industries” related Keating.

Since 2002 Ray has founded three entities including First Source Funding, Inc. He has closed a number of Project Finance transactions as well as assisting with equity raises to recapitalize a number of troubled companies. Mr. Bradley is a graduate of Erskine College with a degree in Economics and resides with his family in Charlotte, NC. .

Edward J. Eyring, Managing Director-Capital Markets joined Quaker State in December 2011. Ed has an extensive background as an investment banker and in credit analysis of fixed income securities and as an insurance rating analyst. After graduating with a Bachelor's Degree from St. Francis University in Pennsylvania in 1972 and an MBA from the Wharton School in 1976, he began his career as a municipal banker at Merrill Lynch in New York, initiating and negotiating financing principally for electric utility borrowers in the public domestic tax-exempt market. He put together similar negotiated financing packages for traditional municipal borrowers such as hospitals, school districts, single and multi-family housing entities, and sports facilities at Merrill Lynch and Dean Witter (now Morgan Stanley).

Credit quality being one of Ed's strong interests, in 1990 he became a full-time credit analyst focusing on the high yield sector of municipal and corporate borrowers at Smith Barney Mutual Funds, the National Association of Insurance Commissioners and Bergen Capital Corp. At A.M. Best Ed rated many life - health insurance companies based on analysis of their financial position, business profile and operating performance.

Ed's background has further enabled Quaker State to enhance our capabilities and stature with more sophisticated investors.

Leonard J. Keating, Jr. Chief Lending Officer graduated from La Salle University in 1969. He received a B.A. in Pre Law and was commissioned as a US Army Field Artillery Officer. Ten years of active and reserve duty provided sound leadership and risk management experience. His banking career has spanned more than 35 years as a Commercial Lending Officer and Senior Vice President of First Pennsylvania Bank, Meridian Bancorp, and Eagle National Bank; and Founder, President and CEO of Security First Bank. After selling Security First, then running a private hard-money lending fund, he joined Quaker State in 1998. Len was responsible for all marketing and customer relations. As President, he has grown Quaker State Commercial Finance significantly, more than tripling the staff and increasing revenues by 400%

Harold A. Krakovitz - Managing Director, Commercial Lending and Manager Market Research joined Quaker State Commercial Finance in December, 2010 after a 25 year career with ICT Group, Newtown, PA; rising to Director of Client Services, Market Research. Krakovitz earned a Bachelor of Science-Marketing from Rowan University. Harold's strong analytical ability enables him to quickly dissect our borrowers' needs and determine the most appropriate lending solution. His market research and telemarketing expertise broadens and enhances Quaker State's ability to direct our lending firepower where it is needed.

Jeffrey K. Little, Real Estate Officer and IT Manager, who joined Quaker State in 2006, earned an Associate Degree in real estate from Bucks County Community College. He has held a Commonwealth of Pennsylvania real estate license for over 25 years. Jeff was a Prudential Fox and Roach REO Specialist for various banks; appraising, managing and marketing a portfolio of both residential and commercial properties. He has privately completed two subdivisions, and rehabbed and developed numerous residential and commercial properties. Jeff is currently a commercial real estate agent and is Quaker State's in-house Appraiser.

Henry Price, Managing Director - National SBA Lending joined Quaker State in August 2012. Henry brings over 35 years of lending, servicing and workout experience in small business lending, with over 25 years of originating SBA loans; providing real estate, equipment and working capital to meet companies' expansion, business acquisition and start-up needs. For the past 15 years, Henry was a Senior Vice President at Business Lenders, a national SBA lender, where he was the top producer of originating 7(a) and 504 loans. As part of his responsibilities there, he also headed up the company's national franchise lending division, and for a time provided servicing and work-out. Over the years, Henry has cultivated extensive working relationships in the SBA lending area, and will get the job done if the transaction is doable, guiding the borrower through the process.

Henry received a BA, with a concentration in Accounting, from Babson College in 1974 as well as an MBA, with a concentration in Finance, from Babson College in 1977. He has served as a Trustee in a number of capacities and was active in NADCO (National Association of Development Companies), a Washington, DC organization, providing support to ensure the continued success of the SBA 504 Program.