IRVINE, Calif.--(BUSINESS WIRE)--Jul 23, 2025--
Finio, Inc., the groundbreaking 360-degree digital lending platform, today announced it is powering the instant credit approval process for qualified individuals on cycletrader.com and atvtrader.com featuring FreedomRoad Financial – a division of Old Second National Bank. The experience allows customers to apply for financing directly on Cycle Trader’s and ATV Trader’s online marketplaces and securely obtain offers of credit within minutes.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250723916818/en/
“This partnership gets our dealers and us early exposure to high-intent buyers,” states Darin Campbell, President National Specialty Lending, Old Second National Bank. “Customers can walk into the showroom with credit approval in hand, making it easier for our dealers’ salespeople to quickly close the deal.”
Finio’s credit discovery tools include a simple 2-step prequalification process as well as a full credit application. Online shoppers have the option to get prequalified for financing based on a soft pull of credit, which does not adversely affect the credit score. Alternatively, buyers can obtain firm offers of credit from those lenders that already work with the dealership selling the unit of inventory.
“Getting instantly approved for credit right where you are shopping for your next motorcycle or ATV is boosting customer value,” exclaims Troy Snyder, VP of Digital Retailing and Private Marketplace at Trader Interactive. “While serving vehicle buyers, we are also creating value for our dealer partners with enriched leads that are prescreened for finance-ability.”
Finio estimates that 70 to 80 percent of motorcycle and powersports retail sales require financing. By streamlining the credit approval process with the industry’s most innovative digital retailing and lending tools, the Finio platform unlocks incremental sales opportunities.
“The finance experience in powersports is highly fragmented,” explains Nick Stellman, COO at Finio. “Traditionally, customers and dealers had to fill out multiple different forms just to secure a single approval. Finio is eliminating this redundancy with a consolidated, simple, and user-friendly process.”
Finio also offers prequalification and credit approval tools directly to manufacturers and dealerships, which can have them installed on their own websites – configured for their respective brands and business needs.
About Cycle Trader and ATV Trader
Cycle Trader and ATV Trader are a part of a unique portfolio of Trader Interactive marketplaces for buying, selling, and financing powersports vehicles, including Cycle Trader, ATV Trader, PWC Trader, and Snowmobile Trader. With nearly 6 million monthly visitors, Cycle Trader and ATV Trader are on a mission to bring powersports buyers and sellers together by providing dealers and manufacturers with comprehensive listing packages and innovative advertising products that place inventory in front of relevant, high-quality buyers. Listing inventory through Trader’s powersports brands ensures that dealers can maximize their exposure, generate connections, drive sales, and boost profits. With industry-first search features and an innovative interface, Cycle Trader and ATV Trader can not only help you find your next powersports vehicle, but also secure financing completely online.
For more information, visit www.CycleTrader.com and www.ATVTrader.com.
About FreedomRoad Financial and Performance Finance
FreedomRoad Financial and Performance Finance are divisions of Old Second National Bank. They operate national powersports lending businesses, providing retail loans exclusively through authorized OEM and dealer partners. FreedomRoad Financial’s and Performance Finance’s product offerings facilitate dreams for motorcycle and powersports enthusiasts, while making things easier for dealers.
For more information, visit www.FRF1.com and www.goperformancefinance.com.
About Old Second Bancorp, Inc.
Old Second Bancorp, Inc. is a national banking association headquartered in Aurora, Illinois, and is the bank holding company for Old Second National Bank, which operates 56 banking offices located in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle and Will counties in Illinois.
For more information visit www.oldsecond.com.
About Finio
Finio, Inc. is a modern credit aggregation platform for the powersports, motorcycle, marine, recreation, commercial vehicle, and other industries. The company’s compliant and secure sales and F&I platform facilitates seamless digital retailing and lending processes between dealerships, manufacturers, lenders, and their customers. Based in Irvine, Calif., the company is backed by an award-winning team of financial technology (FinTech) innovators.
For more information, visit finio.com.
Cycle Trader featuring instant credit approval for qualified buyers by FreedomRoad Financial – an experience powered by Finio.
NAKHON RATCHASIMA, Thailand (AP) — A construction crane crashed onto a moving passenger train in northeastern Thailand on Wednesday, triggering a fiery derailment that killed at least 32 people and injured dozens more.
The crash occurred in Nakhon Ratchasima, some 200 kilometers (135 miles) northeast of Bangkok, on a section of a planned high-speed rail project that is intended to eventually connect China with much of Southeast Asia.
The province's Public Health Provincial Office said there were 32 fatalities and 64 injured victims, including seven with severe injuries. There were still three passengers missing among the 171 believed to have been on board the train, it said in a statement issued as night fell.
Authorities said the crane was being used to build an elevated part of the railway when it fell as the train was traveling from the capital, Bangkok, to Ubon Ratchathani province. Thailand's Rail Transport Department said the crane was what is called a launching gantry crane, a self-supporting structure with vertical legs that usually runs on rails or wheels for mobility, allowing it to progress along with the construction project that it straddles. Such cranes are often used to help build elevated roads.
Images published in Thai media showed plumes of white, then dark, smoke rising from the crash site, with construction equipment dangling from girders between two concrete support pillars.
Rescue workers stood on top of overturned railway carriages, some of them with gaping holes torn on their sides, video from public broadcaster ThaiPBS showed. What appeared to be sections of the crane were scattered along the track.
Sixty-two year-old Samai Teechantuek, whose house is about 100 meters (yards) from the site of the accident, told The Associated Press of the horror of witnessing the accident, and hearing “the noises screeching, and then bam, bam, bam, all the way over there.”
“When the dust settled, I saw the top of the train carriage. I heard people shouting ‘save the children first!’” she said. "A conductor pulled people out. I saw them pulling many people out. People from the shop over there also ran out to help.”
“My legs were shaking. I was standing there shaking. I didn’t dare going any closer,” she said.
Transport Minister Phiphat Ratchakitprakarn said he ordered an investigation.
In August 2024, a railway tunnel on the planned route, also in Nakhon Ratchasima, collapsed, killing three workers. Days of heavy rainfall were believed to have been a factor in the collapse.
The elevated segment that collapsed is a part of a Thai-Chinese high-speed railway project linking the capital to the northeastern province of Nong Khai, bordering Laos. The two-stage rail project has a total investment cost of more than 520 billion baht ($16.8 billion) and is associated with an ambitious plan to connect China with Southeast Asia under Beijing's Belt and Road Initiative. The section where the accident took place had a budget of more than 179 billion baht ($5.7 billion) and according to its original plans was expected to start operating in 2027.
Anan Phonimdaeng, acting governor of the State Railway of Thailand, said the project's contractor is Italian-Thai Development, with a Chinese company responsible for design and construction supervision.
He said authorities will examine the responsibilities of both parties, and the Railway Department plans to take legal action against the contractor as a first step. Damage to the train was estimated to be more than 100 million baht ($3.2 million), while construction equipment suffered limited damage, said Anan.
A statement posted on the company's website expressed condolences to the victims and said the company would take responsibility for paying compensation to the families of the dead and hospitalization expenses for the injured.
The main contractor for the route's first stage between Bangkok and Nakhon Ratchasima, Italian-Thai Development, was also the directly responsible for construction of the segment where Wednesday's accident occurred.
The rail accident sparked outrage because the company, also known as Italthai, was also the co-lead contractor for the State Audit Building in the Thai capital Bangkok, which collapsed during construction in March during a major earthquake.
About 100 people were killed in the collapse, which was the only major structure in Thailand to suffer such serious damage. Dozens of executives were indicted in connection with the disaster but none have yet been tried.
The involvement of Chinese companies in both projects has also drawn attention, as has Italthai's and Chinese companies' involvement in the construction of several expressway extensions in and around Bangkok where several accidents, some fatal, had occurred.
Prime Minister Anutin Charnvirakul, who was interior minister when the State Audit Building collapsed, said that the Comptroller General’s Department and Transport Ministry are responsible for blacklisting contractors, and the laws could not be amended in the brief time he was interior minister to expedite the matter.
In Beijing, Chinese Foreign Ministry spokesperson Mao Ning said the government was aware of the reports about the accident and had expressed condolences.
“The Chinese government attaches great importance to the safety of projects and personnel, and we are also learning about the situation,” he said. “At present, it appears that the relevant section is being constructed by a Thai company, and the cause of the accident is still under investigation.”
Wasamon reported from Bangkok.
Rescuers try to lift the wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan.14, 2026. (AP Photo/Sakchai Lalit))
Rescuers work amid the wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan.14, 2026. (AP Photo/Sakchai Lalit))
A rescuer stands near the wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan.14, 2026. (AP Photo/Sakchai Lalit))
Rescuers try to lift the wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan.14, 2026. (AP Photo/Sakchai Lalit))
Rescuers work amidst the wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan.14, 2026. (AP Photo/Sakchai Lalit))
Rescuers work amidst the wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan.14, 2026. (AP Photo/Sakchai Lalit))
An aid workers at the scene after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan. 14, 2026. (AP Photo/Nathathida Adireksarn)
The wreckage after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand, Wednesday, Jan. 14, 2026. (AP Photo/Nathathida Adireksarn)
This photo released from Thailand's Ministry of Transport, shows a scene after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand Wednesday, Jan. 14, 2026. (Ministry of Transport via AP)
This photo released from State Railway of Thailand, shows aid workers after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand Wednesday, Jan. 14, 2026. (State Railway of Thailand via AP)
This photo released from State Railway of Thailand, shows a scene after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand Wednesday, Jan. 14, 2026. (State Railway of Thailand via AP)
This photo released from State Railway of Thailand, shows a scene after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand Wednesday, Jan. 14, 2026. (State Railway of Thailand via AP)
This photo released from State Railway of Thailand, shows aid workers after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand Wednesday, Jan. 14, 2026. (State Railway of Thailand via AP)
This photo provided by State Railway of Thailand shows a scene after a construction crane fell into a passenger train in Nakhon Ratchasima province, Thailand Wednesday, Jan. 14, 2026. (State Railway of Thailand via AP)
