Gibraltar Equipment Finance expanded its originations team by hiring Steve Sanders, who will be serving the East Coast as senior vice president of business development.

With more than 15 years of financial industry experience, Sanders recently served as the managing director of originations for SLR Equipment Finance. Prior to SLR, he worked at Wells Fargo for nearly a decade after starting his career at Gordon Brothers.

“We could not be happier to have Steve join the GEF team and cover the eastern territory from Maine to Florida across to the Midwest,” Jeffry Pfeffer, president of Gibraltar Equipment Finance, said. “Steve’s asset management, credit underwriting and business development success will greatly bolster GEF’s ability to reach more clients in need.”

Launched earlier this year, Gibraltar Equipment Finance provides machinery and equipment loans and leases from $1 million to $20 million to support middle-market company growth and special situations.