Eastern Funding appointed Nancy Robles chief operating officer. Robles previously served as executive vice president of operations and compliance officer. In her new role, Robles will be responsible for all of the company’s day-to-day operational and administrative functions. She will continue to report to Michael Fanger, president of Eastern Funding.

“Nancy has been instrumental in our growth and success since 2005. During that period, our loan portfolio rose from less than $100 million to more than $1 billion,” Fanger said. “Her proactive and visionary leadership has propelled Eastern to become one of the premier finance companies nationally in the industries we serve. I am proud to have one of the top women in equipment and commercial financing anywhere as our chief operating officer. I am confident that she will continue to lead us to achieve greater operational excellence.”

Robles joined Eastern Funding in 2005 from Fleet Healthcare Capital Leasing/Bank of America. During her tenure at Eastern Funding, she has managed the company’s operations functions, including credit, compliance, documentation, funding, loan servicing, legal and work-out, and human resources.
Outside of Eastern Funding, Robles serves on the board of the Berkeley College Scholarship Foundation, The Coin Laundry Association Diversity and Inclusion Committee, and the Berkeley College MBA and legal studies committees.

“I am thrilled to play such an important role in charting the course to greater success for our company,” Robles said. “I will work to ensure that we continue to provide more innovative and best-in-class financing solutions to our customers. In addition, I will be relentless in making sure Eastern Funding remains a great place to work for our employees.”

Eastern Funding is a commercial lender to laundry, car wash, specialty vehicle and other industries.