This week, Metrolina Credit Co. announced the opening of its newest branch office in Raleigh, N.C. 

This opening expands the subprime finance company’s branch network to five full service branch operations across North and South Carolina, and represents the second expansion branch since Metrolina Credit was acquired by ML Credit Group in early 2014.

“We have been working the Raleigh market and developing business from it for over eight months.  We have enjoyed much early success and we are excited to now have a physical branch presence in Raleigh that allows us to service our dealers and borrowing customers at an even better level,” said Doug Marohn, president and chief executive officer of ML Credit Group.

“The opening of this new office once again reinforces our commitment to the controlled organic growth of our branch network,” Marohn continued.

Each office is a full-service lending and collection facility.  Metrolina acquires and services automobile and light truck installment contracts that it purchases from dealers in the local market.

“Metrolina Credit Company continues to reap the rewards from the performance of our proven branch-based business model in all of the markets we serve,” Marohn said.

“We intend to expand our branch network throughout the Carolinas and other states as quickly as those markets can be prudently developed,” he went on to say.

More information about the company can be found on its website at www.metrolinacredit.com.