Eastern Funding Names New Vice Presidents

By PlanetLaundry staff | Aug 01, 2012

Eastern Funding recently promoted J.P. Nicoletta and Robert Fagan to the positions of vice president.

Nicoletta, vice president of sales and marketing, joined the company in 2009, with more than 12 years of commercial lending experience. He holds a bachelor’s degree in business administration, marketing from Fordham University, as well as an MBA from Long Island University’s C.W. Post College of Management.

Fagan joined Eastern in 2005 as credit manager. He has more than 20 years of customer service and collections experience from CIT Bank and Copelco Capital, where he served as loan workout manager and manager of debt recovery, respectively.

“J.P. and Robert both bring a wealth of experience to the company, and we are very excited about their new roles,” said Eastern Funding President Michael Fanger. “Their commitment to a customer-focused business model has helped set us apart and set our clients on their own paths to success. Building strong and lasting customer relationships continues to be a cornerstone of Eastern Funding's success.”

Earlier this year, the company also launched its Specialty Vehicle & Equipment Funding Division, which provides lending, leasing and direct financing programs nationally for specialty vehicles, tow trucks and equipment.

Headquartered in New York City and founded in 1997 by Fanger, a commercial banking veteran, Eastern Funding makes business financing available to facilitate new and used equipment purchases, acquisitions and refinancing of retail stores and real estate purchases, as well as providing fixed- and floating-rate loans.