The powersports finance industry is growing at a steady pace as more companies enter the space, but sometimes we have a tendency to focus on the growth of larger institutions and captives, leaving smaller startups in the shadows.
From insurance providers to refinanciers to lender aggregators to startup lessors, these under-the-radar startups are infiltrating the powersports finance and aftermarket space. Take a look at our list of 14 “PowerCompanies” you’ll want to keep your eye on:
For more companies like this, visit our PowerDirectory — a dynamic list of the players in the powersports space
Concierge Financial Services, a refinance loan broker, is structuring a deal with a “custom motorcycle manufacturer” to help the OEM secure financing partners, Chief Executive and Founder Thomas Domin told Powersports Finance.
Toward the end of 2016, Concierge Financial was approached by the manufacturer, which lacked financial partners, Domin said.
“We have a conference call with a credit union that deals with all military — active, non-active, or retired — throughout the country,” Domin said. “We are going to try to put together a program for not just auto, but motorcycles as well.”