Buddy Zarbock began his professional career at IBM after receiving his Bachelor of Science from the University of Utah in Business Communications and an MBA from Westminster College. Over the next few years at IBM he received cutting edge training allowing him to craft and hone his business expertise.
With the skills acquired at IBM, he went on to become manager/owner at Plumbers Supply Company where he helped the firm grow into one of the largest wholesale distribution houses in the Western US. This success led to the sale of the firm to the Wolesely Company (WOS). One of the world’s largest wholesale companies. After the merger, he worked with WOS assisting in growing new branches, product lines and emerging markets.
Buddy has worked with and been a minority owner of other industry leading finance companies where he served as a Marketing Manager and Vice President.
He is devoted to the advancement of the commercial finance industry and has chaired industry conferences and is currently serving as chairman of the AACFB Education Committee.
Buddy founded Commercial Funding Partners, LLC (CFP) in 2012 and serves as its president. There he funds businesses into profitable growth. These actions have created a loyal customer, broker and vendor following. He currently resides in Utah with his wife, five children and many grandchildren enjoying skiing, open-water swimming, squash, reading and mountain biking.
Lon D. Secrist
Executive Vice President
As the first step of his vast and varied professional career, Lon Secrist graduated from the University of Utah with a degree in finance. After graduation, Lon began working at Johnson and Johnson, a global American pharmaceutical, medical devices, and consumer packaged goods manufacturer. He moved to San Francisco when he was promoted to divisional manager.
Lon then moved to Salt Lake City, Utah, when he took a position as national sales manager for O.C. Tanner Company, the largest recognition jewelry company in the world. He worked with a variety of large and small companies during his time there, and gained tremendous understanding and experience in sales and finance.
Lon eventually left O.C. Tanner to become vice president of Terra Industries. Utilizing his background in finance, he became a true innovator in marketing lease transactions to small community banks.
In 1986, Lon decided to start his own business. Together with partner Harold E. Turley, Jr., he founded Tetra Corporate Services (Tetra), and the company has now been in business for over two decades. Tetra has conducted business with many Fortune 500 companies, as well as structuring creative leasing options for smaller middle-market businesses. His vast experience in sales, financing, and leasing transactions has contributed greatly to the longevity of Tetra. Lon’s vision and knowledge continues to be a driving force behind Tetra’s success.
Adding to his strategic innovations in marketing and sales, Lon holds a chair on the advisory board for Commercial Funding Partners.
Derek J. Turley
Chief Executive Officer
Originally an appraisal assistant for a real estate appraisal company in Huntington Beach, California, Derek Turley moved onward and upward, taking a position with Ascensus Insurance in Salt lake City, Utah. At Ascensus (which eventually became Bisys, a Fortune 500 company), Derek worked as an account representative, developing term, whole-life, and universal life insurance, and learning the ins and outs of working for and with large corporations.
After he earned a bachelor’s degree in business management from the University of Utah, Derek began working for another Fortune 500 company, Cintas, as an account representative, involved in corporate identity services of a variety of product lines, as well as training in customer service and sales. Derek also went on to study at Westminster College Gore School of Business, where he earned an MBA.
In 2001, Derek joined Tetra Corporate Services and is currently serving as vice president in charge of sales and syndications of equipment leasing. At Tetra, he is responsible for, among other things, the financial assessment of individual companies, negotiations on lease terms, and placement of lease transactions from $100,000 to $6,000,000.
Derek’s background in business management and administration has allowed him to work closely with Tetra’s clients, to help them obtain the financing that is right for them. Derek’s vast experience accounts for much of the recent successes of Tetra, as well as for Tetra’s clients, from large corporations to middle-market businesses. Because of their flexibility and creative leasing solutions, Tetra has access to financing no other company has. Derek has had a significant role in bringing about the restructuring of Tetra’s online services, to help bring a new focus to the company.
This type of forward and innovative thinking catapulted him to a seat on the advisory board for Commercial Funding Partners exemplifying that he is a rising star in today’s credit markets.
He is happily married with five children, and his hobbies include playing basketball and golf.