# SAFCO

> SAFCO is a privately held U.S. indirect auto finance company serving first-time buyers, credit rebuilders and people with hard-to-verify income. It combines alternative-data underwriting with dealer tools and borrower credit education.

- **Founded:** 1990
- **Headquarters:** Pompano Beach, United States
- **Founders:** George Fussell (Founder and CEO)
- **Products:** Indirect auto financing, SAFCO Assist, Credit Journey, Online account servicing
- **Notable:** Built a dealer-based lending business from a captive finance company established in 1990., Closed a $225 million ABS issuance in January 2024., Added Deutsche Bank warehouse capacity and extended Capital One funding maturity through 2028.

## Products & services

- **Indirect auto financing** — Dealer-arranged vehicle financing for first-time buyers, borrowers rebuilding credit and people with hard-to-verify income. The dealer FAQ lists a $35,000 maximum financed amount and minimum 10% down payment.
- **SAFCO Assist** — Dealer portal supporting contract restructuring, upfront stipulation verification, document uploads and funding status; connects with Dealertrack and RouteOne workflows.
- **Credit Journey** — Free credit-progress tracking promoted alongside credit education, account servicing and bureau reporting. Credit improvement depends on the borrower’s broader circumstances.
- **Online account servicing** — Payment and account access through SAFCO’s customer portal, with AutoPay and multiple payment channels.

## Achievements

- Built a dealer-based lending business from a captive finance company established in 1990.
- Closed a $225 million ABS issuance in January 2024.
- Added Deutsche Bank warehouse capacity and extended Capital One funding maturity through 2028.
- KBRA affirmed six classes and upgraded two classes across two SAFCO trusts on October 7, 2026.

## Latest updates

- **2026-10** — On October 15, Auto Finance News reported President Jason Person’s comments about funding costs, pricing and SAFCO’s aim to securitize annually.
- **2026-10** — KBRA affirmed six note classes and upgraded two across the 2024-1 and 2025-1 trusts; reported approximately $328 million managed portfolio and $75 million available warehouse capacity at August 31, 2026.
- **2025-12** — S&P lowered three classes and affirmed one in SAFCO 2025-1, citing immigration-enforcement event risk and collateral performance; expected lifetime net losses increased from 9.25% to 10%.
- **2025-01** — Announced a $100 million Deutsche Bank warehouse facility and Capital One renewal through 2028.

## Links

- Website: https://gosafco.com/
- LinkedIn: https://www.linkedin.com/company/safco/
- Twitter/X: https://twitter.com/SAFCOJobs
- Facebook: https://www.facebook.com/profile.php?id=100063920413018

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Profile page: https://yespress.io/safco
Published by YesPress — https://yespress.io
Last updated: 2026-10-24