American Cycle Finance has added five more states to its footprint, spurred in part by the lender’s new national sales manager Bruce Katz, the company has announced.
Since Katz joined the company in January, the lender has expanded its footprint to 22 states, most recently adding Alabama, Iowa, and Kansas. In addition to expanding the company’s reach, Katz is responsible for overseeing the sales team and providing support to the dealer network.
“Our marketing plan and communications have already generated a lot of interest from dealerships in newly added states,” Katz said in a press release. “In fact, we are having to create a ‘waiting list’ of dealers who are seeking to sign up and offer American Cycle Finance in their stores because we are not currently doing business in their states.”
The lender plans to add seven more states, such as California and Nevada, by September, President Ben Donnarumma told Powersports Finance.
Additionally, American Cycle Finance is hiring for new positions in all major departments, Donnarumma said. The lender moved to larger headquarters in Marlborough, Mass. in July 2018 and has since then been working on expanding its staff.
American Cycle Finance specializes in subprime lending and works with more than 400 dealerships.