Financing Company Promotes Stephen Gramaglia
Eastern Funding, LLC has promoted Stephen Gramaglia to the position of chief operating officer. Formerly the company’s executive vice president, Gramaglia will oversee credit operations, along with a number of the company’s business units including Credit, Documentation, Loan Servicing, Customer Service, Sales and Marketing, Human Resources, Compliance and Information Technology.
Gramaglia joined Eastern Funding in 1999, following stints at Medallion Financial Corp., TLC Funding Corp. and CPC Services Inc.
“Stephen’s experience in the specialty finance industry extends back to when he was a 20-year-old junior in college,” said Michael Fanger, Eastern Funding’s founder and president. “Ever since he joined Eastern 16 years ago, he’s been a key member of our management team, and he’s played a vital role in our growth and commercial financing success.
“Stephen Gramaglia is extremely well-regarded within the company and by Eastern’s clients around the country. We look forward to the mix of experience, expertise and outstanding leadership qualities that he brings to his new role as Eastern Funding’s chief operating officer.”
Gramaglia holds a bachelor’s degree in business administration from Pace University in Pleasantville, N.Y.
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