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Excel Finance on Track for Double-Digit Origination Growth

canstockphoto0707159Excel Finance is on target for modest yearend results for powersports loan originations, thanks to altering its program in June to include the financing of all brands of on-road motorcycles, Dealer Relations Manager Valerie Figueroa told Powersports Finance.

Previously, the subprime lender financed only Harley-Davidson motorcycles, and accepted other brands on a “case by case” basis, she said.

Now, the Lakeway, Texas-based lender expects to exceed the number of loan contracts originated in 2015. Excel funded 700 motorcycle loans last year; and it has funded 600 motorcycle loans through September.

Excel — which has 34 branches throughout Texas and Louisiana — has doubled its dealer network to 40 since February. It offers loans on vehicles five-years-old or newer, and targets the subprime market.

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