National Funding, a private lender of SMB loans, today promoted COO Joseph Gaudio to president where he will report directly to founder and CEO Dave Gilbert. This appointment follows the company’s acquisition of alternative lender QuickBridge.
“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,” Mr. Gilbert said. “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.”
Prior to National Funding, Mr. Gaudio was CEO of Superior Mobile Medics for five years, leading its sale to Quest Diagnostics (a Fortune 500 clinical laboratory) and generating a return of 5x on baseline valuation.
“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,” Mr. Gaudio said. “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.