United PanAm Financial Corp. (the “Company”) is a specialty finance company engaged in automobile finance, which includes the purchasing and servicing of automobile installment sales contracts, originated by independent and franchised dealers of used automobiles. We conduct our automobile finance business through our wholly-owned subsidiaries United Auto Credit Corporation (“UACC”) and United Auto Business Operations, LLC (“UABO”), which provide financing to borrowers who typically have limited or impaired credit histories that restrict their ability to obtain loans through traditional sources. Financing arms of automobile manufacturers generally do not make these loans to non-prime borrowers, nor do many other traditional automotive lenders. Non-prime borrowers generally pay higher interest rates and loan fees than do prime borrowers. Our business has historically been focused on providing loans for transactions that involve a used automobile with an average age of five years and an original contract term of 36 to 72 months.