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Eastern Funding Marks 15 Years of Commercial Lending Service

Staff Writer |

NEW YORK CITY — Eastern Funding LLC is marking its 15th year in business finance serving the coin laundry, convenience store, and dry cleaning industries with an Anniversary Celebration on Thursday at its recently renovated offices here.

Ranked as the 36th largest bank-owned leasing and financing company by the Monitor Listing of the nation’s top bank leasing and financing companies, Eastern Funding is consistently viewed by the laundry industry as a trusted source for financing expertise and tailored lending solutions, the company says.

“I’ve been with EF since its infancy and I’m proud of what we have accomplished,” says Senior Vice President Stephen Gramaglia. “Looking back, we’ve achieved so much more than we imagined. We’ve helped thousands of entrepreneurs achieve their dreams of owning their own business.”

Eastern Funding says it has provided more than $700 million in laundry business funding since its inception in 1997. Most recently, the company launched a Specialty Vehicle & Equipment Funding division to provide lending, leasing, and direct financing programs nationally for specialty vehicles, tow trucks, and equipment.

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