RED DEER, ALTA – Rifco president and CEO Bill Graham said one of the keys to his company’s success was speedy service.
“Rifco National Auto Finance has succeeded because we add value to Canadian automobile dealerships. Increasingly, our speed and service at processing auto loan applications is being recognized.” said Graham. “We look forward to continuing our growth in the years ahead.”
The auto finance company says it specializes in building long-term partnerships with dealers using personalized services supplied by “dedicated” account representatives.
“Rifco’s quick credit decisions, common sense lending, and expedited funding processes give its dealers better financing options and more closed deals,” the company says.
The specialty consumer finance corporation supplies motorists with non-prime auto financing for new and used cars through its dealership network across Canada.
Rifco Inc. operates through its wholly owned subsidiary Rifco National Auto Finance Corporation.
Rifco says it is committed to continuing growth. Key strategies for achieving this growth include the expansion of its automobile dealer base, excellence in credit and collections processes.
Rifco says it rewards dealership loyalty with membership in its “Fast Forward 500 Club.”
The revenue growth of 216 per cent between 2008-2013 put the Rifco in 261st place. It was the company’s first appearance in the 500.
Published in the July issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.
“The members of the PROFIT 500 are the elite of the country’s entrepreneurial community,” says James Cowan, editor-in-chief of Canadian Business and PROFIT.
“Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity.”
The award was announced June 12.