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Eastern Funding hires new VP of sales and marketing


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Eastern Funding’s new vice president of sales and marketing will oversee many aspects of the business, including loans to companies such as laundromats and dry cleaners.

Eastern Funding LLC, a commercial lender to laundry, dry cleaning and grocery businesses, has hired Anthony Regan as its vice president of sales and marketing.

Regan’s responsibilities will include company-wide sales and marketing across the dry cleaning, grocery, franchise fast food and coin laundry business sectors. Additionally, he will manage Eastern Funding’s loan officers. Regan will work hand in hand with senior managers and report directly to them.

Stephen Gramaglia, Eastern Funding’s Chief Operating Officer, said the company is excited about Regan’s arrival. Regan is expected to drive a rise in sales and an improvement in customer service.

“Anthony is a fantastic addition to our team,” Gramaglia said. “His vast experience in national sales and marketing as well as his specific experience in the laundry industry is invaluable. Anthony will enhance our already strong sales team and create a platform to deliver excellent service to manufacturers, distributors and end users.”

Regan has more than 20 years of experience in the laundry industry. Prior to joining Eastern Funding, he was the senior vice president of sales and marketing at the American Dryer Corporation. At ADC, Regan was also a part of the company’s captive finance program.

His expertise should allow Eastern Funding to continue to expand. The company, which is based in New York City, was founded in 1997. Today, Eastern Funding provides direct loans to business owners in the grocery, laundry and dry cleaning industries. In total, the business has provided more than $1 billion in direct loans.