First Business Equipment Finance
Randy Shumate is the President of First Business Equipment Finance’s National Division, an equipment finance operation located in Overland Park, Kansas. Randy has worked in the equipment finance industry since 1987. In 2004, he co-founded MCP to originate, underwrite, finance and service principal investments in mostly industrial and energy related equipment financings. Randy was responsible for all of the sourcing and origination activities and for the day to day operations of the company. From 1995 to 2004 he served as Executive Vice President in charge of the direct marketing operations of Transamerica Equipment Financial Services (Transamerica) with full P & L responsibility for this $1 billion middle market operation. From 1987 to 1994 Randy held positions in credit and sales at ITT (ITT). In 1991, he was promoted to Senior Vice President in charge of the Midwest Region, where under Randy’s supervision, the region grew from startup to a highly profitable $130 million organization with 15 people. Randy is a graduate of Southern Methodist University, with a B.A. in Economics and a business concentration in Real Estate.