IRVINE, Calif. — Non-prime financing company for dealers CarFinance Capital LLC recently revealed the opening of a new office in Fort Worth, Texas.

The new facility is expected to eventually house up to an additional 125 employees. 

The new Fort Worth office will house CarFinance Capital's portfolio management group and credit staff for the Central and Eastern time zones, the company shared.

Launched just a year ago, officials noted the company “has been rapidly expanding its lending services to auto dealers across the country," and has funded over $100 million in auto loans in its first ten months of business.

Commenting on its growth, CarFinance Capital president and chief executive officer Jim Landy, noted, "Reaching over $100 million of loan fundings in ten months — coupled with the opening of our new Texas office — represents significant milestones for CarFinance Capital as we continue the national expansion of our lending and referral services to help auto dealers serve the large population of non-prime car-buyers

"As car sales continue to improve and more consumers come back into the market, dealers need increased access to high quality lending, as well as more efficient ways to reach ready-to-buy customers — while credit-challenged consumers need a better way to get financed.  The opening of our Texas office means we are well-positioned to continue to provide the industry's best services to meet this demand,” he continued.

Delving more into what the company offers dealers, the Irvine, Calif., based CarFinance Capital provides dealers with indirect, less-than-prime lending solutions, as well as first look opportunity on referrals from its consumer direct lending site, CarFinance.com, officials explained.

“CarFinance Capital's auto dealer lending program is designed to be dealer-friendly, to eliminate any surprises in credit and/or cashing contracts and to be consistent across the board,” officials concluded.