SAFCO enters military lending following SNAAC acquisition | Auto Finance News | Auto Finance News

SAFCO enters military lending following SNAAC acquisition

© Can Stock Photo / kk5hy

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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