1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Credit One Auto Finance Company Seeks Accredited Investors

Credit One Auto Finance Company a Florida Corporation, is looking for accredited investors in order to provide consumer automobile financing for auto dealerships.

 
PRLog - Feb. 22, 2009 - LAKE WORTH, Fla. -- Credit One Auto Finance Company, (Credit One), is a subprime auto finance company concentrating in the South Florida market. Credit One will provide auto financing to franchise automotive dealerships and select established independents. In addition to purchasing consumer auto finance contracts from the dealerships, servicing of the loans will be provided as well.

Credit One Auto Finance Company is seeking to fill the void left by lenders such as Nuvell Financial Services LLC a GMAC company (GM-NYSE), HSBC Auto Finance, Triad Financial Corp, Americredit Financial Services Inc. (ACF -NYSE), Wells Fargo Auto Finance (WFC), Nicholas Financial Inc. (NICK-NASDAQ), and many other subprime auto finance companies who have been exiting or has exited from many of  the existing automobile subprime markets. Credit One Auto Finance Company feels that the opportunity to reestablish a vibrant subprime auto finance market will present itself in the next several months as the economy begins to stabilize. Credit One Auto Finance Company intends to keep high standards of acceptance to minimize losses.

Credit One Auto Finance Company is currently looking for investment capital from accredited investors in order to purchase consumer automobile finance contracts from auto dealerships. Credit One is currently seeking to raise up to $30 million in order to use as a line of credit to provide financing to automotive dealerships’ subprime customers. This line of credit will be used with the intent to receive additional lines of credit provided through conventional banks and/or finance companies, which specialize in this market. Credit One is currently flexible in the structure under which it is willing to raise this capital; it is willing to accept the initial capital infusion as debt, equity or a combination of both.  For further information go to http://www.creditoneautofinancecompany.com

# # #

Credit One Auto Finance Company is a subprime auto finance company concentrating in the South Florida market. Credit One will provide auto financing to franchise automotive dealerships and select established independents.

--- End ---

Click to Share

Contact Email:
***@creditoneautofinancecompany.com Email Verified
Source:Wall Street Shareholder Services, Inc
Zip:33467
City/Town:Lake Worth - Florida - United States
Industry:Finance, Banking, Automotive
Tags:gmac, nicholas financial, accredited investors, angel investor, americredit, credit one auto, wells fargo, nuvell
Shortcut:prlog.org/10185890
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share