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Car financing company revving up with $12.5 million growth infusion.(Continental Auto Receivables Inc.)(Brief Article)
Pittsburgher takes leadership role in firm
A specialty finance company that works through auto dealers to finance new-and used-car loans has gotten a $12.5 million infusion to grow the business.
Dublin, Ohio-based Continental Auto Receivables Inc. was founded a year ago by six principals, including former Columbus bankers William Coombs, president and CEO, and Ronald Koncal, chief investment officer, secretary and treasurer, and a venture capital company out of Cleveland.
Since opening in October, the company has financed 5,000 new-car and used-car consumer loans totaling more than $60 million. Loans were arranged through dealerships, mostly in …
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