Eastern Funding, a business finance company in the coin laundry, specialty vehicle and equipment financing industries, said it has promoted two key executives to vice president. JP Nicoletta, who will serve as Eastern Funding’s vice president of sales and marketing, has more than 12 years of commercial lending experience. Robert Fagan joined Eastern in 2005 as customer service & collection manager bringing more than 20 years of customer service and collections experience at companies including CIT Bank and Copelco Capital. As vice president of collections, Fagan will help manage Eastern Funding’s portfolio performance as well as customer service related issues.

According to Eastern Funding’s president, Michael Fanger, “The promotion of JP and Robert is part of the consistent fine-tuning that’s integral to our long-standing management excellence at Eastern. Our management team — and the company as a whole — is built around a core commitment to build strong and lasting customer relationships. That customer focus has certainly become a hallmark of Eastern Funding’s success.”

Along with the recent executive promotions, Eastern Funding has also launched a Specialty Vehicle and Equipment Funding division. With operations commencing in April 2012, the new financing service provides lending, leasing and direct financing programs nationally for specialty vehicles, tow trucks and equipment. The division’s funding experts provide financing solutions for businesses specializing in towing and recovery vehicles, commercial school buses and transportation equipment.

Previously on monitordaily: Eastern Funding Launches Specialty Vehicle/Equipment Unit, published July 2, 2012