Western Funding Hits Record Growth

By Staff Writer March 10, 2023

Western Funding Inc., a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022.

Highlights for 2022 include:

  • 73% YOY growth in its loan portfolio
  • 58% YOY growth in loans originated
  • 59% YOY growth in producing dealers
  • $2.3 million paid out in profit sharing to participating dealers
  • Expansion into near-prime and prime markets

“I’m proud of our team and the hard work they put in to make this growth possible,” said Jim Murray, president of Western Funding. “Our success is a testament to their dedication and commitment to providing exceptional service to our dealers.”

This growth was driven by WFI’s enhanced sales team, expanded program offerings, technology improvements, and synergy with other companies within the Nowlake umbrella, including Westlake Financial, Westlake Flooring, and DealerCenter.

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Last modified on Friday, 10 March 2023 15:00