Based in Hampton, New Hampshire, the new business unit will initially service original equipment manufacturers, dealers and strategic direct customers in the packaging and plastic markets.
Samuel Smith has joined the company as managing director and will be responsible for the overall leadership of this new business unit.
Smith has over 25 years of experience in the equipment finance and leasing industry. Prior to joining EverBank Commercial Finance, he held senior positions with Equilease Financial Services, ORIX Vendor Finance, Wells Fargo Equipment Finance, and Charter Financial.
EverBank Commercial Finance president Jim McGrane said the launch of the industrial platform is a natural extension of the strong vendor financing franchises EverBank has built in the healthcare, office equipment and technology industries.
"We now offer the same stable source of innovative sales financing, industry insight, and technical ability to industrial OEMs, dealers and direct customers to help grow their businesses," McGrane said.
