Westlake Celebrates Three Decades in the Auto Finance Industry

FOR IMMEDIATE RELEASE (August 30, 2018):

Los Angeles, CA – On August 29th, 2018, Westlake Financial Services celebrated 30 years in business.

“Westlake’s longevity is a testament to our products and our people,” stated Ian Anderson, President of Westlake Financial Services. “Our employees are encouraged daily to be forward thinkers, use technology to improve efficiency and identify new products and services we can offer our dealer partners.”

To celebrate, Westlake hosted an employee appreciation event to celebrate three decades in the auto industry and honor our employee’s hard work and dedication. This event consisted of games, raffles, food, and of course, birthday cake.

“Thirty years in business is an amazing milestone,” added Don Hankey, Chairman of the Board for Westlake Financial Services. “I would like to thank the Westlake’s employees for continuing to believe in the Westlake brand and products.”

In 1988, Don Hankey founded Westlake Financial Services based on a need for subprime lending for his customers through his auto dealership. What started out as a footprint solely in subprime Auto financing, Westlake Financial Services has blossomed into the largest, privately-owned auto finance company in the country with $7.73 billion in assets. Today Westlake offers auto dealerships a full-spectrum of finance solutions including Indirect lending through Westlake and Western Funding, floorplan financing through Westlake Flooring Services, portfolio acquisitions and servicing through ALPS and Westlake Portfolio Management, auto leasing trough CULA, and direct to consumer secured loans through Wilshire Consumer Credit. Those interested in learning more about Westlake Financial Services are invited to contact Westlake directly at 1.88.893.7937 or online at www.westlakefinancial.com.

About Westlake Technology Holdings: Westlake Financial Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $7.73 billion in assets under management. Westlake Financial Services originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and powersports dealers. Westlake also offers loan portfolio purchasing, credit facilities and portfolio servicing through their ALPS division (Advanced Lending & Portfolio Services); www.WestlakeALPS.com. Floor plan lines of credit are provided through Westlake Flooring Services; www.WestlakeFlooringServices.com, shared cash flow auto lending through Westlake’s wholly owned subsidiary, Western Funding Inc, a Nevada Based auto lender, and indirect automotive leasing for credit unions through Credit Union Leasing of America (CULA), is a subsidiary of Westlake, dealers leads and direct-to-consumer auto loans through Westlake Direct, and direct to consumer title loans are through Westlake’s wholly owned subsidiary Loan Center; www.loancenter.com.