National Auto Finance is becoming 1803 Capital

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1803 Capital has $200mm in committed capital and is led by seasoned veterans of the Auto Finance industry. Currently originating in 7 states as National Auto Finance, 1803 Capital expects to be in 40 states by Mid-2019.

With $200 million of committed capital and growing, 1803 Capital will be a strong player in the auto finance space.

National Auto Finance is becoming 1803 Capital, LLC. It is led by the five principles of the company: Patrick Ghere - Chairman/CEO; Eric Wallis - COO; Richard Boyce - EVP, Director of Risk and Servicing; Scott Friedman EVP, Director of Capital Markets and Banking; and Larry Verges - CFO. With $200 million of committed capital and growing, 1803 Capital will be a strong player in the auto finance space.

The company is headquartered in New Orleans, LA and plans to grow from the 7 states that they are in now, to 40 states through controlled growth over the next 18-24 months. 1803 Capital will also be a third party servicer for other asset managers, Credit Unions, Banks, and other originators. The principals are veterans of each of these industries and have major backing. 1803 Capital looks forward to supporting the market and the roll out.

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Pat Ghere

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