Driven Capital: Fast Funder for Trusted Dealers
Driven Capital, LLC is a consumer lender licensed in all 50 states and U.S. possessions. The company’s founders are northwest business leaders and investors. Driven Capital’s goal is to be a northwest-built solution to a national bottleneck to the flow of capital to small businesses and consumers for needed vehicle purchases.
Driven Capital launched its 2017 beta stage as an indirect lender through northwest auto dealers to consumers whose vehicle purchases are difficult for dealers to finance through traditional banking channels. Many borrowers come from the credit category commonly referred to as “less than prime.”
Driven Capital believes the potential of this market creates an outstanding opportunity for accredited investor lenders to re-purpose cash earning little interest since the Great Recession.
Driven Capital is working with automotive equipment buyers as an indirect lender. The company is working with U.S. dealers who have committed to Trusted Dealer / Trusted Lender agreements with Driven Capital.
Investors: Secure Lending to Business Owners and Working People
Driven Capital allocates 100 percent of invested funds to consumer auto loans. Accredited lenders may place a minimum of $30,000 in each loan pool. Driven Capital offers accredited lenders a secured investment opportunity because Driven Capital holds the vehicle title on its loans until the loan is paid in full. With the protections of Driven Capital’s secured lending model, accredited investors now have a clean, clear path to solid returns on their cash placed in Driven Capital’s loan pool.
Investor rates of return are strengthened because Driven Capital can service loans and protect assets without the expense of branches, and other brick-and-mortar expenses embedded in the traditional bank business model.
Driven Capital will evaluate potential future operations as a peer-to-peer (P2P) lender in addition to its instrumental role as an indirect lender through dealerships who have committed to our Trusted Lender / Trusted Dealer relationship.