In 1997, President Mike Fanger founded Eastern Funding based on over 23 years
experience in the commercial lending industry that a large number of owners
of growing small to mid market businesses were being ignored by large lending
institutions due to an automated loan evaluation mentality.
His belief was that these businesses could build wealth. But fit was the key
to unlocking relationships. To achieve this, Eastern’s practice was
initially focused on the specialized finance needs of the laundry, dry cleaning
and grocery sectors.
Brian Grell joined Eastern with over ten years of experience as a custom finance
and controller in the coin operated laundry sector. And today serves as Eastern's
Executive Vice President. All of Eastern’s staff were then hired and
are hired for their complimentary backgrounds. And everyone at Eastern is
trained to be aware of the particulars of each client’s account. While
Eastern has expanded its practice in the ensuing years to include financing/leasing
for telecommunications equipment, commercial parking facilities, legal, medical
and dental practices, this personal attention has been and will be a constant.