About Us

Founded in 2003, Acrecent Financial Corporation is a leading provider of financial solutions for small- and medium-sized enterprises in Mexico, Puerto Rico and the United States. We offer 100-percent financing to acquire equipment, technology and real estate.


Growing a business in our global economy isn’t easy, but we don’t thrive on easy. We thrive on challenging, complex, deals that require boldness, discipline and sophisticated expertise. We’re also friendly. You’ll like us.


We make it our business to understand your business and recommend the best financing solutions for your problems and objectives.

Private Equity Investor

In December 2013, Darby ProBanco Fund II (a fund managed by Darby Private Equity) invested in Acrecent to help support our regional growth.

Affiliations, Certifications and Memberships

Acrecent holds a Master Guarantee Agreement with the Export-Import Bank of the United States (EXIM Bank) for both loans and leases.

Acrecent is a member of the Equipment Leasing Finance Association in the United States and is licensed by the Commissioner of Financial Institutions in Puerto Rico.

Acrecent is an approved lender of the Small Business Administration 504 Program.

Acrecent is a Founding Partner of Guayacán Endowment Fund.


Co-Founder and CEO

James Connor has over 20 years of finance experience, including more than 16 years in the commercial finance industry. He spent nine years with GE Capital, where he served as president and region manager of the company’s Puerto Rico and Caribbean operation. James led his team to building and servicing a commercial/corporate finance portfolio of over $1 billion in assets and 7,000 accounts. He has an MBA from Columbia University and a B.S. in business administration and finance from Purdue University.

(787) 706-9292
James Connor


Co-Founder and President

Raul Cacho has more than 20 years of experience in the commercial banking industry, of which 12 were with Banco Popular de Puerto Rico, where he held the position of vice-president and manager of the bank’s Structured Finance Division. As a member of Banco Popular’s Executive Credit Committee and Senior Administrative Committee, Raul also managed the lending operations of the bank’s corporate banking office in New York and led his team of 30-plus bankers in building a commercial/corporate finance portfolio of over $1 billion in assets. Raul has a B.S. from Babson College with a double major in finance and quantitative methods.

(787) 706-9292
Raul Cacho

Director of Capital Markets

Jim Hofmockel has over 20 years of investment and advisory experience, having advised both public and private companies in a wide variety of investment, capital raising, merger and acquisition, and strategic planning assignments. Previously, he was a principal at a private equity firm in Chicago for nearly 10 years and vice president in the investment banking divisions of Salomon Brothers’ Financial Institutions Group and Bear, Stearns’ F.I.G. in New York. Prior to these positions, he was a consultant in KPMG Peat Marwick’s Financial Services Group. Jim holds a B.S. in Accounting from Purdue University and an MBA from the University of Chicago’s Booth School of Business.

(312) 445–6441
Jim Hofmockel

Chief Financial Officer

Mr. Peñaloza has over 20 years of commercial finance experience.  He worked in several divisions of GE and oversaw 300 professionals while serving as CEO of GE Capital Commercial Finance – Latin America, based in Mexico City, for three years until GE announced it would be selling most if its GE Capital Assets. Mr. Peñaloza then served as Chief Financial Officer and Divestiture Leader for GE Capital Latin America, fulfilling a key role overseeing all corporate finance matters related to the divestiture of all GE Capital commercial segments in Latin America, including Real Estate, Commercial Equipment Leasing & Lending, Corporate Air and Fleet, with a total of $6B in assets. He has a Bachelors in Business Administration from the University of Massachusetts, Amherst, and is a graduate of GE’s Financial Management Program and Experienced Financial Leader Program.

(787) 706-9292
Pablo Peñaloza