Silicon Valley Bank | Auto Finance News | Auto Finance News

Fair to Add Inventory With $50M Debt Facility Backed by Silicon Valley Bank

Used-car leasing app Fair closed a $50 million debt facility financed by Silicon Valley Bank. The funds will be used to purchase more vehicles for Fair’s fleet, the company announced Jan. 24. The new debt facility is a move for the bank to support “companies offering disruptive solutions in industries undergoing transformative change," Zhengyuan Lu, […]

Bank of America to Talk “Game-Changing” Mobile App at Auto Finance Innovation

Bank of America is aiming to offer a “game-changing mobile experience” with its new online, direct lending platform, Duane Freeman, the bank’s national sales executive, told AFN. “It connects our customers who have expressed a clear interest in purchasing a car with our high-quality dealer network efficiently and effectively,” Freeman said. “Consumers are in control […]