Praising its team in the process, Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022.

The company’s five primary highlights from last year include:

—73% year-over-year growth in its portfolio

—58% year-over-year growth in loans originated

—59% year-over-year growth in producing dealers

—$2.3 million paid out in profit sharing to participating dealers

—Expansion into near-prime and prime markets

“I’m proud of our team and the hard work they put in to make this growth possible,” Western Funding president Jim Murray said. “Our success is a testament to their dedication and commitment to providing exceptional service to our dealers through incremental and continuous improvements.”

The company added that its growth was driven by WFI’s enhanced sales team, expanded program offerings, technology improvements and synergy with other companies within the Nowlake umbrella, including Westlake Financial, Westlake Flooring and DealerCenter.

“Western Funding’s success is the result of our team’s hard work and the trust of our dealer partners, who provided the applications to make this possible,” said Ian Anderson, group president of Westlake Technology Holdings. “We are thrilled with last year’s growth and are off to a promising start to 2023.”

Western Funding said it plans to continue growth by reaching out to new dealer segments and continuing to synergize with sister companies to provide more services to dealers and customers in 2023.

To learn more about Western Funding, visit