30 years seeing Beyond credit.
SAFCO, pronounced SAF (like half) – CO, is founded by George Fussell as a captive finance company for a large and successful one-price used car dealership dba Anything on Wheels.
SAFCO finances its first contract.
Anything on Wheels is sold to AutoNation.
George Fussell is hired to run a national chain of dealerships named ValuStop.
1997- 2000: SAFCO sees significant growth as result of the AutoNation/ValuStop, which included originations from Texas-based stores.
AutoNation closes all of its used-car stores.
SAFCO signs an agreement with Bercadia (jointly owned by Berkshire Hathaway/Lecadia) to service a $100mm troubled portfolio based in Orlando Florida. As a result, the SAFCO Servicing Center is established in Orlando.
SAFCO signs agreements with Bercadia for five additional troubled portfolios.
SAFCO begins offering indirect financing in Florida, Georgia, and Texas.
SAFCO signs a Preferred Partner Agreement with AutoNation.
SAFCO signs financing facility with Wells Fargo for up to $75mm for indirect financing and another $40mm with Capital Source for captive financing.
SAFCO integrates an origination system with Dealertrack, a comprehensive software platform that operates the largest online credit application network in the country.
SAFCO successfully navigates its way through the Great Recession.
SAFCO acquires Affiliated Finance Company portfolio from Mitsu National Bank.
SAFCO acquires several small portfolios from Capital Source and Wells Fargo.
SAFCO indirect portfolio sees significant growth with licenses in 15-states.
SAFCO enters into agreement with defi SOLUTIONS and launches an enhanced origination system.
SAFCO converts from S-Corp to LLC, adopting SAFCO as its operating name.
SAFCO is marketing and originating in 23 states.
SAFCO announced new partnerships with Capital One and One William Street that provide a new warehouse credit facility in the amount of $204.5m
SAFCO consolidates its Fort Lauderdale and Orlando facilities into its new Pompano Beach headquarters.
SAFCO Welcomes Finanzauto SA of Colombia as Strategic Partner
SAFCO Closes on $225M Asset-Backed Securities Issuance
