Eastern Funding Powers the Laundry Business — and Powers Higher on Monitor … 2011/06/29 at 11:24 am
NEW YORK, NY, Jun 27, 2011 (MARKETWIRE via COMTEX) –
Eastern Funding LLC, one of the country’s leading business
financing companies (with a special focus on the coin laundry,
convenience store, and dry cleaning industries) has jumped to #76 on
the Monitor 100 list of the largest equipment finance and leasing
companies in the U.S. 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.
Eastern Funding’s Executive Vice President, Brian Grell, noted, “The
Monitor 100 ranking validates Eastern Funding’s commitment to
developing effective lending solutions and to provide business
financing.” While speaking on a panel of laundry business experts at
a recent Coin Laundry Association event, Mr. Grell also added
encouragement to business owners and entrepreneurs by saying that
there is plenty of business financing and funding available: “Yes,
experience helps, it’s a big factor. The second and third stores are
always easier to finance… but enthusiasm and passion for the
business is huge.”
The Monitor 100 is published annually 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 report is unique in
that it’s primarily dependent on data that comes directly from the
participants and not from other published sources. More information
can be found by visiting
www.monitordaily.com .
Founded in 1997 by commercial banking and lending veteran, Michael
Fanger, Eastern Funding is a leader in financing for the laundry
business and is considered a “one-stop-shop” of direct lending. The
company makes business financing available to facilitate new and used
equipment purchases, acquisition or refinance of retail stores, real
estate purchases, single store or chains, and provide fixed- and
floating-rate loans. Eastern Funding LLC is a division of Brookline
Bank
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with offices headquartered in New York City. For
more information about the company and its services visit
www.easternfunding.com .
Media Contact:
JP Nicoletta
Email Contact
(877) 819-1764
SOURCE: Eastern Funding
http://www2.marketwire.com/mw/emailprcntct?id=54EDA5294BB41087
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June 28, 2011 4:00p