For Immediate Release

Minneapolis, MN — February 10, 2025 — KLC Financial, a nationally recognized leader in equipment financing, is proud to announce the promotion of Lee Ritter to the role of National Business Development Manager. With over 13 years of experience in the equipment finance industry, Lee has a proven track record in the industry and will continue to be a driving force behind KLC’s success and growth.

As National Business Development Manager, Lee will spearhead KLC Financial’s efforts to expand its reach, foster partnerships with equipment vendors, and deliver customized financing solutions to clients nationwide. His appointment comes at a pivotal time for the company, which continues to build momentum in the market.

“Lee has consistently demonstrated exceptional leadership and a deep commitment to our mission,” said Spencer Thomas, CEO of KLC Financial. “This promotion is well-earned and reflects our confidence in his ability to guide our business development initiatives on a national scale.”

Brett Sorensen, VP of Sales & Marketing, shared his enthusiasm about Lee’s promotion: “Lee’s deep industry knowledge and commitment to building relationships have set him apart as a trusted advisor to our clients and partners. I have no doubt that he will continue to excel in his new role, helping KLC Financial achieve new heights.”

Reflecting on his new role, Lee expressed his excitement: “I’m grateful for the opportunity to support our incredible sales team in forging strong partnerships that drive growth and success. I look forward to expanding KLC’s reach and continuing to deliver exceptional value to our clients and partners.”

Lee’s promotion underscores KLC Financial’s commitment to fostering talent within its organization and delivering exceptional value to its customers. The company, recently recognized as a Top Workplace by the Star Tribune and a Best Place to Work by the Minneapolis/St. Paul Business Journal in 2024, looks forward to continued growth and innovation under Lee’s leadership.

“Our people are at the heart of everything we do,” Spencer Thomas continued. “Lee’s promotion is a testament to our commitment to investing in our team and creating opportunities for professional growth.”

Since 1987, KLC Financial has been a trusted partner for businesses seeking innovative equipment financing solutions. The company looks forward to continuing its tradition of excellence in 2025.

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About KLC Financial: Founded in 1987, KLC Financial provides creative and flexible equipment financing solutions to businesses nationwide. With a focus on fostering lasting partnerships, KLC Financial empowers businesses to achieve their goals through tailored financing strategies. For more information, visit www.klcfinancial.com.