FinCo Enters SubPrime Market for BHPH Dealers

FinCo Mgmt

SubPrime News - May 18, 2011

Dur­ing the Nation­al Alliance of Buy-Here, Pay-Here Deal­ers con­fer­ence, Fin­Co Man­age­ment, an emerg­ing provider of con­sumer finance solu­tions to the used auto indus­try, announced it is now pur­chas­ing sub­prime and deep sub­prime con­sumer con­tracts. To sup­port its con­tract pur­chas­es, the com­pa­ny obtained a new cred­it facil­i­ty led by Met­ro­pol­i­tan Equi­ty Part­ners, as well as addi­tion­al growth equi­ty invest­ment from cur­rent and new investors.