Eastern Funding

New York, United States Founded: 1997 • Age: 29 yrs Acquired By Brookline Bank
SME loans are provided to small and medium enterprises.
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About Eastern Funding

Eastern Funding is a company based in New York (United States) founded in 1997 was acquired by Brookline Bank in February 2005.. Eastern Funding offers products and services including Equipment Financing and Acquisition Financing. Eastern Funding operates in a competitive market with competitors including Moniepoint, eCapital, Benefit Street Partners, Golub Capital and Northern Trust, among others.

  • Headquarter New York, United States
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Eastern Funding, Llc
Operational Areas
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Brookline Bank

    (Feb 28, 2005)

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Products & Services of Eastern Funding

Eastern Funding offers a comprehensive portfolio of products and services, including Equipment Financing and Acquisition Financing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Loans for purchasing business equipment in various sectors

Funding for business acquisitions and expansions

People of Eastern Funding
Headcount 50-200
Employee Profiles 18
Employee Profiles
People
Robert Arneson
Credit Team Manager, Officer
People
Ana Lage
Vice President Operations/process Improvement
People
Michael Fanger
CEO
People
Juyoung Suk
Senior Loan Servicing

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Funding Insights of Eastern Funding

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Eastern Funding

Eastern Funding has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Brookline Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Commercial banking services are provided to businesses and individuals.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Eastern Funding

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Eastern Funding

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Eastern Funding Comparisons

Employees
+
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Competitors of Eastern Funding

Eastern Funding operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, eCapital, Benefit Street Partners, Golub Capital and Northern Trust, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Integrated financial services are provided for businesses and individuals.
domain founded_year HQ Location
Provider of asset-based, supply chain, and invoice financing solutions
domain founded_year HQ Location
Credit-focused alternative asset management firm
domain founded_year HQ Location
Private debt investments are managed for U.S. middle market companies.
domain founded_year HQ Location
Financial and wealth management services are provided worldwide.
domain founded_year HQ Location
Offers customized capital and lending products to support business growth needs.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Eastern Funding

Frequently Asked Questions about Eastern Funding

When was Eastern Funding founded?

Eastern Funding was founded in 1997.

Where is Eastern Funding located?

Eastern Funding is headquartered in New York, United States. It is registered at New York, New York, United States.

What does Eastern Funding do?

Eastern Funding was founded in 1997 in New York, United States. Loans are extended to small and medium-sized enterprises within the financial services sector. Operations are conducted to offer funding options that address business financing needs. The companys domain, easternfunding.com, supports its activities in the United States market. Services are centered on SME lending practices established over decades.

Who are the top competitors of Eastern Funding?

Eastern Funding's top competitors include eCapital, Golub Capital and Moniepoint.

What products or services does Eastern Funding offer?

Eastern Funding offers Equipment Financing and Acquisition Financing.

Who are Eastern Funding's investors?

Eastern Funding has 1 investor. Key investors include Brookline Bank.

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