Ironhorse Funding LLC Partners with WebBank to Expand Direct Lending
Beverly, Massachusetts—Ironhorse Funding LLC today announces a partnership with WebBank as part of its direct lending expansion. Launched in 2019, Ironhorse Funding’s motorcycle refinance program is the company’s first direct-to-consumer lending program and offers consumers across the full credit spectrum who have motorcycle loans the opportunity to reduce their monthly payments by lowering their interest rates, adjusting their terms, or a combination of both. WebBank is now a lender for the motorcycle refinance program making it available in more states across the U.S. and thereby allowing more consumers the potential to put money back in their pockets with monthly savings on their motorcycle loans.
Ironhorse Funding’s direct loan originations grew by over 250% last year and are pacing to achieve over 500% year-over-year growth for 2022. WebBank and Ironhorse Funding are working together to define additional consumer lending programs including a motorcycle financing program expected to be announced in the coming months.
Consumers who are interested in motorcycle refinancing can apply online at www.ironhorsefunding.com/motorcycle-refinance.
About Ironhorse Funding LLC
Ironhorse Funding is a premier financial services platform serving the motorcycle, powersports, RV, and marine industries with a full suite of services to dealers, distributors, and OEMs in these markets, as well as direct-to-consumer lending. Ironhorse Funding’s mission is to develop long-term relationships with our business partners, dealer partners, and borrowers by creating innovative credit solutions that generate quality receivables while providing unmatched benefit and service to our clients and customers. The company works through its hundreds of dealership partners across the U.S. as well as directly with consumers. To learn more, visit https://ironhorsefunding.com.
WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $150 billion in consumer and commercial credit products. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, and financial technology (fintech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-based lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners. For more information, please visit www.webbank.com.