SAFCO enters military lending following SNAAC acquisition


Southern Auto Finance Co. (SAFCO) will start originating loans this quarter for military personnel following the subprime lender’s acquisition of Security National Automotive Acceptance Company’s (SNAAC) front-end origination assets, SAFCO’s Director of Sales and Marketing Zack Sawyer told Auto Finance News. Fort Lauderdale, Fla.-based SAFCO purchased SNAAC’s intellectual property and front-end systems in October 2019, […]

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