Automobile finance firm Global Lending Services has acquired subprime auto loan originator Resurgent Auto Finance and has secured fresh capital for growth.

The deal includes $38 million of subprime auto loans and would give Atlanta-based Global Funding a platform "that will enable us to create a scalable subprime auto finance business and execute our plan to establish a national presence in the market," Douglas Duncan, who founded Global Lending earlier this year, said in a news release Tuesday.

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