GM Financial Selects DataScan for Commercial Lending Business
GM Financial announced it has chosen DataScan Technologies LLC as its systems provider for the captive’s Commercial Lending Services business.
FORT WORTH, Texas — GM Financial announced it has chosen DataScan Technologies LLC as its systems provider for the captive’s Commercial Lending Services business.
GM Financial said it plans to launch its Commercial Lending Services business this April, offering floorplan financing; capital, real estate and construction loans; floorplan insurance and cash management programs to GM dealers in the United States and Canada.
"As we looked to build a best-in-class commercial lending platform, aligning ourselves with industry leaders was a must," said Brian Fallon, senior vice president of Commercial Lending Services. “When it came to selecting a provider for dealer loan systems and inspection services, DataScan had the history and experience necessary to help us develop a comprehensive program that meets the needs of our GM dealer partners."
DataScan also will conduct GM Financial’s floorplan inspections. The floorplan solution will utilize DataScan's wholesale management system, dealer access system, risk management system and field service nationwide coverage.
"We look forward to the new business relationship with GM Financial and are pleased to have the opportunity to provide them with our expertise as they launch their dealer commercial business," said Brent Sergot, vice president and general manager of DataScan. "DataScan's support systems and services will streamline GM Financial's lending and risk mitigation through an easy-to-use online interface, as well as accommodate our clients' future growth plans."
For more information, visit GM Financial in the General Motors' booth (2666) at the 2012 NADA Convention & Expo.
More Auto Finance

Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →