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Lendbuzz secures $135 million credit facility from Regions Bank to expand dealership floor planning and consumer loan originations

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Lendbuzz secures $135 million credit facility from Regions Bank to expand dealership floor planning and consumer loan originations

December 15, 2022 09:00 AM Eastern Standard Time

BOSTON — (BUSINESS WIRE) — Lendbuzz, the AI-based fintech company that is revolutionizing the auto finance market, announced today that it closed a $135 million credit facility with Regions Bank.

Lendbuzz intends to use the funds to fuel the continued growth of its dealership floor planning portfolio—which doubled with the recent acquisition of Shamrock Finance—and to increase the number of borrowers its proprietary…
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