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CarFinance Capital LLC announced the opening of a new office in Fort Worth, Texas, which is expected to eventually house up to an additional 125 employees.
The company, which has been rapidly expanding its lending services to auto dealers across the country, has funded more than $100 million in auto loans in its first 10 months of business, and is helping more than 1,500 auto dealers.
Launched a year ago, California-based CarFinance Capital provides auto dealers with indirect, less-than-prime lending solutions, as well as first look opportunity on referrals from its consumer direct lending site, CarFinance.com.
The company currently provides lending services to auto dealerships in multiple states. Supporting the company's national expansion, the new Fort Worth office will house CarFinance Capital's portfolio management group and credit staff for the central and eastern time zones.