A new full-service originator of loans and leases to the transportation and vocational truck marketplace has formed.
Don Coolbaugh, Chief Sales Officer of Advantage Funding, departed on August 9, 2016 to seek new opportunities by returning to his privately held commercial finance company. Don spent over two decades working with and then directly for Advantage Funding and was one of the few members left of the founding team.
Advantage Funding was recently purchased by Macquarie Corporate Asset and Finance. Don was an integral part of the transition team over the past 18 months and successfully concluded their first full year together working with newly appointed CEO, Al Damiani and Director of Operations, Rose Zerillo.
Mr Coolbaugh stated, “There is some trepidation starting a new enterprise but I am extremely excited by this new endeavor and look forward to working more directly with the hundreds of customers I made significant personal relationships with over the past 20 years.” Don was instrumental in securing and developing many of the largest customers and partnerships with Advantage many that still do business with them years after their initial introduction.
Mr. Coolbaugh’s new company, ded commercial funding, will specialize in business critical assets of both the commercial transportation and vocational truck industries. Through newly established relationships, ded has arranged lending for all credit types and for borrowers purchasing one unit or multi unit fleets. They will also offer working capital loans along with a specialized team to assist the purchasing and selling of assets of customers nationwide. Whether you’re purchasing a used Sprinter Van for $35,000.00 or two new Heavy-Duty Rotators for $1,200,000.00, ded commercial funding has the capital in place to fund quickly and hassle free.
To find out if ded commercial funding can help you or for more info, visit www.dedcommercial.com.