CIVC Partners, a Chicago-based private investment firm, recently announced that its portfolio company, Honor Finance, established a new funding facility with Wells Fargo Securities.

Officials highlighted this new facility provides a “substantial” increase in funding capacity to support the continuing successful expansion of the specialty auto finance company that operates out of Evanston, Ill.

The company mentioned this new financing also will assist Honor in supporting its existing dealer relationships and in expanding into new states such as Florida, Kentucky, and Tennessee while preserving the superior levels of service that Honor clients have come to expect.

“Wells Fargo has been a valued financing partner for CIVC and Honor since CIVC and management acquired Honor in October 2011," said Jim Collins, chief executive officer and founder of Honor Finance.

“This new and significant commitment from Wells provides Honor with capital to facilitate our continuing growth,” Collins continued.

Company management is extremely excited about its next phase of growth with CIVC and Wells Fargo.

“We believe our relationship with CIVC and Wells Fargo will allow Honor to expand its products and services to a broader, national client base,” Collins said. “There are exceptional opportunities in the market today, and we have the capital and resources to excel at meeting the needs of our dealer network and their customers.”

CIVC partner Dan Helle offered his assessment about the growth Honor Finance is developing.

“Jim and his team are building an outstanding business, and we are proud of Honor’s ability to grow its credit facility with Wells Fargo for the expansion of its business nationally, while continuing to deliver the highest standards of customer service and integrity in the industry,” Helle said.

Honor Finance originates, finances, and services vehicle finance contracts for non-prime consumers. The company currently operates in 12 states.

For additional information about Honor Finance, visit www.honorfinance.com.