William Phelan

President, PayNet, Inc.
William Phelan is one of the nation’s leading experts on small business credit and serves as president of PayNet, Inc. Mr. Phelan has grown PayNet into a major provider of credit assessments on privately held businesses by building the largest proprietary database of commercial loans and leases in the United States and Canada. Mr. Phelan oversees PayNet’s sales, marketing, analytics and information technology functions across these markets.

He serves on several boards including the Federal Reserve Bank’s Advisory Council on Agriculture, Small Business, and Labor, various industry associations, and is a member of the Small Business Council at the U.S. Chamber of Commerce.

Mr. Phelan’s expertise is regularly quoted by national media outlets in Reuters, The Wall Street Journal, Bloomberg Business News, CNBC, FOX Business News and Associated Press.

As the nation’s leading small business credit expert, he regularly speaks at national events including: House Committee on Small Business United States, House of Representatives, Risk Management Association national conferences; National Association of Development Companies Conference; Equipment Leasing and Finance Association industry conferences; the Canadian Finance & Leasing Association industry conferences, Lendit USA, Lend360 and Synovus Business Banking C&I Forum.

Prior to co-founding PayNet, Mr. Phelan managed investments for Trustmark Insurance Company in Lake Forest, IL. He previously worked at Dain Rauscher Securities, Ernst & Young and IBM. He has a Bachelor of Arts degree from Carleton College, an MBA from Loyola University Graduate School of Business and the Chartered Financial Analyst (CFA) designation.