U Drive Acceptance Corporation

u drive acceptance corporation, (the “company”, “udac”, or “u drive acceptance”) was formed for the purpose of originating and servicing primarily subprime automobile loans with a geographic focus on the mid-western states of the usa. u drive acceptance corporation is a culmination of 25 years of business in the subprime auto loan business. the company was created as the related finance company to its sister company new start financial that has been in business since 1990. the company has grown to become an auto financing source for both franchise and independent dealers in the midwest that seek to secure financing for customers that fall in the non-prime to near prime category. udac’s reputation for local service and customer support has gained us market share in the five states we currently operate in, iowa, minnesota, south dakota, missouri and arkansas.