Gibraltar Equipment Finance (GEF) announced the expansion of its Originations team with the addition of Steve Sanders, who will be serving the East Coast as Senior Vice President of Business Development.

GEF’s new hire comes on the heels of GEF’s market momentum with its growing funding activity. Gibraltar’s investment in its business development talent demonstrates its commitment to funding middle market business growth needs at a time when banks are tightening credit standards.

With more than 15 years’ 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. He started his career at Gordon Brothers Group.

“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,” said Jeffry Pfeffer, President of GEF. “Steve’s asset management, credit underwriting, and business development success will greatly bolster GEF’s ability to reach more clients in need.”

Sanders joins GEF’s rapidly growing organization, led by industry veteran Jeffry Pfeffer. 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. GEF is led by an executive team with over 100 years of collective experience.