NetworkNewsBreaks – PowerBand Solutions Inc.’s
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PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) today announced that its U.S. leasing division, MUSA Auto Finance, LLC (“MUSA”), has obtained lease financing from a federally chartered U.S. depository financial institution (“National Funder”) to begin leasing vehicles to U.S. consumers. According to the update, lease originations will begin today. “This is the right solution at the right time, when the automotive industry and consumers are looking for innovations to overcome the challenges of the COVID-19 pandemic,” PowerBand CEO Kelly Jennings said in the news release. “Consumers and dealers will be able to buy, lease and finance their vehicles on PowerBand, as easily as they purchase a product on Amazon. Our strategy is to aggregate further funding facilities in the weeks and months ahead, to offer multi-billion-dollar financing opportunities to consumers and dealers using our platform in the United States and Canada.”
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