NEW YORK — Business financing company Eastern Funding LLC has jumped to No. 76 on the Monitor 100 list of the largest equipment finance and leasing companies in the United States. Eastern Funding has a special focus on the coin laundry, convenience store and drycleaning industries.
Headquartered in New York City, Eastern Funding has facilitated loans of more than $500 million since its inception in 1997, and the company’s consistent growth and success in the laundry business is reflected in its climb up the Monitor 100.
The top-100 list is published annually by Monitor magazine and is the only source of its kind that provides a total “dimensioning” of the largest equipment finance and leasing companies in the U.S., the magazine says.
“The Monitor 100 ranking validates Eastern Funding’s commitment to developing effective lending solutions and to provide business financing,” says Brian Grell, Eastern Funding’s executive vice president.