Western Funding Restarts Loan Originations

Western Funding Incorporated, a subprime auto lender since 1962, has resumed operating in full capacity. After a recent pause in loan originations, Western Funding is now offering dealerships the full scope of funding options previously available. Now with the financial support of Westlake Financial Services, the company will offer approved dealerships its same lending programs with some new features.

"Western Funding will work with our current dealer base to re-implement their lending options and access to their reserve," said Bret Pangborn, Vice President of Western Funding. "In an effort to provide our dealerships with opportunities for growth, the partnership with Westlake Financial Services will give dealers access to uninterrupted resources that will advance their business goals and create more efficiency in their lending options."

Western Funding dealerships now have easy access to DealerCenter, a state of the art Dealer Management Solution. This software package integrates with Route One and offers dealers the ability to seamlessly run credit, match inventory to customers, and submit applications to lenders in just a few clicks. This innovative software will provide dealers access to various funding options for their customers - even those with substandard credit.

Todd Laruffa of Westlake Advanced Lending and Portfolio Services led the way in establishing the financial support provided to Western Funding. "Western Funding is a true pioneer in the sub-prime auto finance industry, and I am excited to see their dealer reserve program thrive with our financial backing."

Under the company's business model, car dealers sell the loan contracts to Western Funding. Western Funding provides its dealer partners with an aggressive advance percentage and places the remaining portion of the loan balance into a reserve account, giving its dealer partners an additional opportunity to profit from well performing loan pools. As borrowers make payments, the reserve level rises until it hits a certain point that triggers another payment from Western Funding to the dealer.

Please contact Bret Pangborn at [phone] or [e-mail] to do business with Western Funding.

About Western Funding: Western Funding is a specialized consumer finance company providing automobile financing to borrowers with limited access to traditional credit. A pioneer in the sub-prime auto finance sector for almost half a century, Western Funding was founded in 1962 and is headquartered in Las Vegas, NV. Western Funding acquires and services installment loan contracts originated by its national network of more than 3,000 approved automobile dealers across 33 states.

www.WesternFundingInc.com

Western Funding Incorporated
Bret Pangborn, Vice President
Tel: [phone]
Email: [e-mail]