Nicholas Financial, Inc.

Climate Impact & Sustainability Data (2023)

Continued focus on and investment in maintaining the health and safety of employees during the COVID-19 pandemic.
Offered employees a variety of training and development opportunities.

Legal and tax complexities surrounding corporate structure as a British Columbia company with primarily U.S. shareholders and exclusively U.S. operations.
Future impacts of the COVID-19 outbreak and measures taken in response.
Availability of capital.
Recently enacted, proposed, or future legislation.
Fluctuations in the economy and interest rates.
Effectiveness of risk management processes.
Demand for consumer financing.
Ability to successfully develop and commercialize new or enhanced products and services.
Sufficiency of allowance for credit losses.
Increases in default rates.
Higher borrowing costs.
Ability to securitize loan receivables.
Regulation and supervision by governmental authorities.
Fraudulent activity.
Failure of third parties to provide services.
Alleged infringement of intellectual property rights.
Litigation and regulatory actions.
Ability to attract, retain, and motivate key officers and employees.
Use of third-party vendors.
Cyber-attacks or other security breaches.
Disruptions in the operations of computer systems and data centers.
Ability to realize intentions regarding strategic alternatives.

Restructuring the company's business by downsizing and streamlining operations and reducing expenses.
Outsourcing servicing, collections, and recovery operations.
Discontinuing the local branch model in favor of a regionalized business model.
Optimizing technology to better fit the restructured operations.
Terminating the live check program for prospective new customers.
Entered into a loan servicing agreement with Westlake Portfolio Management, LLC.
Entered into a new senior secured revolving credit facility with Westlake Capital Finance, LLC.
Continued to evaluate existing compliance management systems.

Climate Change Data