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AmeriTrust Updates Lease and Loan Origination Business
AmeriTrust Financial Technologies Inc., a fintech platform in automotive finance, has announced progress in its lease and loan origination business. The company has received three non-binding term sheets from U.S.-based financial institutions to fund vehicle lease and loan originations. If completed, potential funding could reach up to USD $1 billion.
The term sheets aim to enable private sales or securitization takeouts. AmeriTrust expects this to provide an origination capacity of up to USD $1 billion annually. CEO Jeff Morgan aims to finalize funding agreements and initiate approvals by Q4 2025, with strong growth projected in 2026.
Finalizing the funding facilities requires equity or convertible debt raising. Completion depends on legal documentation and closing conditions, with no assurance of finalized terms. Shareholders will be updated on relevant developments.
R. E.
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