November 21, 2025 - 20:15

Subprime auto lending company Flagship Credit Acceptance has reached an agreement to sell its business operations and various assets to specialty finance firm InterVest Capital Partners. This announcement was made on Friday and highlights a significant shift in the company's strategy amidst growing concerns over the quality of auto loans in the current market.
The subprime auto lending sector has faced increasing scrutiny as rising interest rates and economic uncertainties have led to fears about borrowers' ability to repay loans. This acquisition by InterVest Capital Partners reflects a broader trend in the financial industry, where firms are reevaluating their positions in response to changing market dynamics.
Flagship's decision to divest its operations may signal a proactive approach to mitigate risks associated with the declining performance of subprime loans. As the landscape of auto financing evolves, stakeholders will be watching closely to see how this transaction impacts both companies and the wider auto lending market.
August 21, 2026 - 03:11
Ballet Student Jessica Wang Makes Tiaras Her BusinessFor most ballet students, the focus is on perfecting a pirouette or landing a role in the spring showcase. For Jessica Wang, the real challenge came offstage: building a small business that makes...
August 20, 2026 - 13:00
Baldwin Park business trying to pivot after leak leaves them closedA sudden pipe leak has forced Lafayette & Rushford, a home decor store in Baldwin Park, to close its doors indefinitely. The damage from the water is significant, and the owners say they have no...
August 19, 2026 - 21:02
How Small Businesses Can Save 10% on the Supplies They Need to SucceedRunning a small business means watching every dollar, especially when it comes to routine purchases like office paper, cleaning products, or shipping boxes. These expenses add up quickly, but there...
August 19, 2026 - 04:32
Scott Seaman Selected to Crain’s Chicago Business 2026 Notable Leaders in Accounting, Consulting & LawHinshaw & Culbertson LLP has announced that Scott Seaman, a partner and co-chair of the firm`s global Insurance Services group, has been recognized by Crain`s Chicago Business as a 2026 Notable...