National Funding Promotes Joseph Gaudio To President

Former Chief Operating Officer Will Lead the Top 10 Alternative Lender as the Company's Growth and Profitability Soars

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Nov 06, 2018, 07:01 ET

SAN DIEGO, Nov. 6, 2018 /PRNewswire/ -- National Funding, one of the largest private fintech lenders of small and medium-sized business loans, announced today that Joseph Gaudio who was previously Chief Operating Officer, has been promoted to President. Gaudio will report directly to Founder and CEO Dave Gilbert. This appointment comes on the heels of the company's acquisition of leading alternative lender QuickBridge.

National Funding has experienced a 160 percent revenue growth surge over the past three years, bringing into focus the need for a strong leader who will strategically take the company to the next level. The company's management team saw Gaudio as a natural fit for president as he has already taken on a major leadership role within the company.

"Since joining National Funding in 2017, Joseph has helped propel the company to one of the top 10 alternative SMB lenders in the nation, and has been a driving force during our rapid growth," said Dave Gilbert, Founder and CEO, National Funding. "Joseph's strategic thinking capabilities, strong business acumen and his more than a decade of industry experience geared towards the small to medium business market provides critical firepower as we build National Funding into the leading brand serving the financial needs of Main Street America."

Gaudio has vast experience in helping businesses continue to scale and increase company value. Prior to National Funding, he was the Chief Executive Officer of Superior Mobile Medics for five years. He ultimately led the sale of the company to Quest Diagnostics (a Fortune 500 clinical laboratory), generating a return of 5x on baseline valuation. He then served as a vital part of the Integration of this acquisition for Quest.

"Assuming the role of President at National Funding is a privilege for me, and I can't think of a more exciting time to be a part of the business and the SMB lending industry," said Gaudio. "I look forward to working closely with our talented senior leadership team to further our mission of helping small businesses across the U.S. secure the critical capital they need to grow their businesses."

National Funding has provided more than $3 billion in capital to over 40,000 businesses nationwide with loan volume to exceed $500 million in 2018. For more information, please visit www.nationalfunding.com.

About National Funding
Founded in 1999, National Funding is one of the country's leading financial technology companies for small and medium-sized businesses, providing working capital loans and equipment financing. The company believes in American small business owners, and strives to provide fast turnaround, flexible solutions and great service to all its customers and clients in a diverse range of industries including: construction, excavation, manufacturing, retail, packaging, printing, restaurant, telecommunications, trucking, transportation, and waste management, among others. National Funding was recognized on the Inc.500|5000 list for the past six years, as well as placing on San Diego Business Journal's Fastest Growing Companies list for the past six years. For more information, please visit https://www.nationalfunding.com.

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SOURCE National Funding