Speed Leasing LLC, which started originating leases on April 25, built its entire team from former Chrome Capital LLC employees, Partner Hasham Malik told Powersports Finance.
Chrome Capital stopped accepting lease applications in September 2016, after a halt in funding from Leucadia National Corp. Since then, Malik has recruited five of Chrome’s former employees for Speed Leasing.
“We have a fantastic team, and we credit our massive amount of success to them because they are so experienced,” Malik said.
Some of Speed’s employees include Brian Cramer, director of operations, who was formerly Chrome Capital’s vice president of dealer development and underwriting; Frank Dionisi, director of sales, who was the former dealer development manager at Chrome Capital; and Amber McNew, dealer sales support, who was an underwriting specialist at Chrome Capital, according to their LinkedIn profiles.
Pompano Beach, Fla.-based Speed Leasing finances 10-year-old or newer Harley-Davidson motorcycles for consumers with Ficos as low as 500. The startup has already signed more than 30 dealers in four states and has piloted its dealer portal, which is expected to launch by month’s end.