Company overview
HQ · New York, NY
EquipmentTerm loanSBA loans
Eastern Funding LLC is a specialty commercial lender and equipment finance company focused on laundromats and car wash businesses, with additional experience in grocery/convenience and on‑premise laundry. The company offers equipment financing, commercial real estate loans, acquisition/startup funding, and SBA 504 solutions nationwide. Backed by Brookline Bank, Eastern Funding emphasizes industry expertise, quick turnarounds, and relationship‑driven service.
Company focus
- Headquarters
- New York, NY
- Founded
- 1997
- Employees
- 51-200
- Industries
- laundromat, car wash
- Specialties
- laundromat and car wash financing, equipment and commercial real estate financing, SBA 504 expertise, nationwide coverage, fast turnaround
Reported eligibility
- Time in business (months)
- 0
Funding & terms
- Funding from
- $10,000
- Funding up to
- $500,000
Third-party reputation
- Reported research
- BBB rating C+ (not accredited) with a complaint on response. Birdeye shows a 4.1‑star rating based on 77 reviews, while Yelp shows a 1.0‑star rating from 2 reviews. Recent news includes the wind‑down of the Specialty Vehicles & Equipment Funding Group and the promotion of Nancy Robles to CEO.
- Reading this research
- Third-party ratings are historical research, not a Plutus merchant rating. Legal and cost statements are attributed reports, not findings by Plutus; confirm the original sources and current terms.