SAFCO Secures $100 Million Warehouse Facility with Deutsche Bank to Fuel Growth and Strengthen Liquidity

SAFCO Secures New Funding to Enhance Growth Strategy

Southern Auto Finance Company, LLC, widely recognized as a leader in the financial services sector, has recently announced a major advancement in its funding capabilities. On January 7, 2025, the company disclosed the successful closing of a $100 million warehouse facility with Deutsche Bank. This significant move is seen as a vital part of SAFCO's strategy to bolster its liquidity position and support the continued expansion of its portfolio.

The newly established facility with Deutsche Bank marks a pivotal moment for SAFCO, as it represents the second bilateral agreement within the company's diverse funding platform. This initiative underlines SAFCO’s commitment to diversifying its funding sources, ultimately driving sustainable and profitable growth. In conjunction with this new funding, SAFCO has also renewed its existing financial facility with Capital One, extending the maturity of that agreement through 2028.

These developments come at a crucial time for SAFCO, reinforcing the firm’s ability to take advantage of new market opportunities with enhanced funding capacity and solid relationships with banking partners. SAFCO’s Chief Executive Officer, George Fussell, emphasized, "These recent changes in our funding sources allow SAFCO to continue to profitably grow our portfolio and further strengthen our market position. We are excited to leverage this additional capacity to deliver on our strategic objectives and provide continued value to our customers and stakeholders."

The closure of the Deutsche Bank facility, alongside the extension of the Capital One agreement, not only symbolizes SAFCO's strong financial partnerships but also highlights its ongoing focus on operational excellence and portfolio growth. By solidifying these agreements, SAFCO is poised to capitalize on the increasing demand in the auto finance sector while ensuring that its processes remain efficient and effective.

About SAFCO

SAFCO operates out of Pompano Beach, Florida, and manages relationships with over 3,000 dealerships across the country. The company's philosophy centers on the belief that credit alone should not dictate a person's potential, and as such, SAFCO's comprehensive approach to auto financing caters to a diverse clientele.

With advancements in technology and industry expertise, SAFCO's mission is clear: to empower dealerships and enhance their success in a competitive landscape. As SAFCO continues to navigate the evolving financial landscape, it remains committed to its strategic goals while prioritizing customer satisfaction and stakeholder value. The company looks forward to utilizing this new funding to foster growth and enhance its positioning in the auto finance market.

For anyone interested in learning more about SAFCO and its services, the company encourages direct communication through its Chief Financial Officer, Jason Person, who can be reached at 954-745-2503 or via email.

SAFCO's journey is just beginning as it leverages these new financial opportunities, aiming to exceed both its own expectations and those of its partners.