NEW YORK — Eastern Funding, a lender to businesses in the commercial laundry, grocery and specialty vehicle industries, has promoted Nancy Robles-Guess to executive vice president. In her added role, she will join the company’s executive committee and help set Eastern Funding’s strategic goals, the company reports.
“For over 10 years, Nancy has played a substantial role in the growth of Eastern Funding,” says Stephen Gramaglia, the company’s chief operating officer. “She has led our drive to become nimbler, more efficient and better able to function as a leading lender to thousands of businesses.”
Robles-Guess joined the company in 2005 after serving in management roles in a number of commercial lending companies. During her tenure at Eastern Funding, she has managed its operations functions, including credit, documentation, funding and loan servicing functions. She also serves as the firm’s compliance officer.
“I look forward to playing a more integral role in shaping the long-term future of Eastern Funding and helping to make it even better for our customers and employees for years to come,” she says.
Michael Fanger and Brian Grell launched Eastern Funding in 1997, focusing on the commercial laundry industry in the Northeast. Since then, their company has branched out nationwide and entered the Canadian market.
Recently, the company reported that it had surpassed $2 billion in projects funded across all divisions. Eastern Funding considers itself “the leading non-captive financing company in the commercial laundry industry” and says it has helped thousands of laundry and drycleaning business owners with funds for new equipment, business acquisitions, refinancing, and the building of new Laundromats.
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