December 2017 by Finacity
Stamford, CT – December 21, 2017 – Finacity Corporation (“Finacity”) is pleased to announce that it has served as advisor to a new loan funding program recently closed between Patriot Finance, LLC (“Patriot”) of Atlanta, Georgia and a regional bank. The program facilitates a significant increase in future origination for the rapidly growing Patriot.
“We’re absolutely thrilled with our new partner and facility,” said Patriot CEO Chris Bracken. “This new funding facility puts Patriot on the right path to prudently grow our established, and well performing, personal loan portfolio.” The advisory also represents another achievement for Finacity, which has enjoyed continued growth in the consumer finance sector.
Patriot Finance provides unsecured consumer loans to the prime and near-prime credit markets. The lender was founded in 2012 and has pioneered the marketing and servicing of unsecured personal installment loans in the Southeast. For more information on Patriot, please visit the website www.patriot-finance.com.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of efficient capital markets funding programs, state-of-the-art servicing, and transaction administration. Finacity currently facilitates the financing and administration of approximately $100 billion of receivables annually. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world. The Finacity consumer receivable activities incorporate auto loans, credit card receivables, retail installment and all other specialty finance classes.
For more information on this transaction, please contact:
Paul Jenison, Managing Director, Consumer Finance