Prestige Financial Services moved into a new 25,000-square-foot headquarters on April 10, in order to house its growing employee base under one roof, Chief Operating Officer Rich Hyde told Auto Finance News.
The lender has the capacity to grow to about 900 employees; currently it has 500 employees on-site.
The Salt Lake City-based lender’s team was previously housed in two buildings, totaling 54,000 square feet, with about 115 employees in one building and 485 at its primary headquarters 13 miles away.
“We were landlocked and split into two buildings, now we are under one roof which is great for our company culture,” Hyde said. “We now have the capacity to grow when we decide the opportunity is right, as we have plenty of space.”
Prestige Financial Services makes loans for 3,200 dealers. The lender ended 2016 with $1.1 billion in outstandings and $597.4 million in originations, according to Big Wheels Auto Finance 2017.
Check out the image gallery below of Prestige Financial Services’ new digs: