PWWBF - PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Working to Expand Auto Loan Program Reports Higher Revenue
- PowerBand Solutions recently secured a $300 million funding agreement with a national financial institution chartered with the federal government, which enabled the company to begin originating loans in Texas and Florida, with California and other states on the near horizon
- The company’s auto trading platform enables never before seen convenience for automotive dealers and consumers with seamless sales transactions that enable a variety of services including financing, inventory and inspections
- The industry and its consumers continue to respond positively to the company’s business model. After increasing revenues seven-fold to nearly $2 million in 2019, Q1 2020 total revenue increased by more than 10 percent over the same period in 2019
Disruptive fintech innovator PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), creator of an innovative cloud-based online platform for auto trading, is in the process of expanding its lease programs to California and other markets throughout the United States. The program began in Texas and Florida on July 13, 2020, and the company has already started generating revenue in those markets.
The auto loan program was launched after MUSA Auto Finance, LLC, PowerBand’s leasing subsidiary which enables online consumers to be approved for leases in seconds, reached a $300 million financing agreement with a...
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