Alliance Funding Group No Comments

Alliance Funding Group Best Company Culture recognition

Alliance Funding Group Cultivates a Winning Culture through Authenticity and Genuine Care

Founded in 1998, Alliance Funding Group (AFG) is one of the largest privately held equipment finance companies in the U.S. Over the years, AFG has funded more than $3 billion in equipment loans, leases and working capital, serving more than 25,000 customers and earning recognition as one of the fastest-growing independent leasing companies in the nation.

Staying Genuine and Human

AFG has strategically crafted a winning culture that revolves around authenticity, flexibility and genuine care for its people. Rather than adhering to rigid corporate rules, the company prioritizes its employees, especially during critical moments in their lives. A real-life example illustrates this commitment: when a team member faced a sudden family crisis requiring extended time off, AFG granted the flexibility needed without imposing strict constraints on return dates or job security. This reflects a culture that walks the talk, emphasizing authenticity and human connection.

Leadership Empowerment for Employee Engagement

A crucial aspect of AFG’s winning culture is the empowerment of its senior leadership team to make decisions aimed at improving employee engagement and retention. All employees have direct access to senior leadership, fostering a culture of open communication where grievances or suggestions are addressed promptly. This approach ensures that leadership actions align with the company’s commitment to its people, creating a supportive environment.

Prioritizing Values

Values play a pivotal role in shaping AFG’s winning culture. By ensuring the happiness and well-being of the team, the company establishes a foundation for employees to extend that care to customers, which drives business success. The emphasis on prioritizing people sets the tone for a workplace where individuals feel valued, supported and motivated to contribute to the company’s triumphs.

Meritocracy and a Level Playing Field

Diversity, equity, and inclusion (DE&I) are integral to AFG’s culture, built on the principles of meritocracy. Regardless of background or gender, everyone at AFG is provided with a fair opportunity. The company believes that talent naturally rises to the top, fostering a level playing field and promoting an inclusive environment where diverse perspectives contribute to success.

Transparency, Communication & Employee Well-Being

AFG promotes transparency and communication by ensuring that ownership and leadership are readily available for questions. Annual upper management meetings delve into departmental details, discussing challenges, successes and setting goals. This transparent approach allows employees to hear directly from leadership, fostering an environment of trust and openness. The company supports the well-being of its team members through competitive compensation, benefits, personal support and a fun, casual work environment.

Learning from Setbacks and Embracing Risk

AFG embraces a culture of learning from failures and setbacks. The company encourages a proactive approach to taking risks, viewing failures as valuable learning opportunities. This mindset promotes a dynamic and innovative culture where employees feel empowered to explore new ideas and approaches.

Ongoing Evolution

Throughout its success and growth, AFG has remained committed to core values of trust, support, and accessibility for its employees. The company’s culture has evolved with a consistent focus on genuine care and respect for every individual, ensuring that employees are not treated as mere pawns but as valuable contributors to the organization.

A Human Approach to Business

AFG maintaining a working environment that is not overly formal or rigid. Recognizing the human aspect of business, AFG treats every individual with respect and genuine care, valuing diverse opinions and creating a workplace where authenticity and humanity are the cornerstones of success.



Shona Barnthouse No Comments

The Resurgence of the Manufacturing Industry: A $1 Trillion Shift Unveiled

The Resurgence of Manufacturing: A $1 Trillion Shift Unveiled

The manufacturing industry in the United States is currently undergoing a significant transformation, driven by technological advancements and substantial investments. A recent report by Goldman Sachs highlights this trend, with over $1 trillion invested in manufacturing and infrastructure, signaling substantial growth and innovation in the industry. This period of change presents valuable opportunities for manufacturing businesses, and we are here to provide insights and support to navigate this evolving landscape.

The Emerging Trend in Manufacturing Investments

Recent data underscores the scale of this industrial resurgence, with a substantial increase in projects, particularly in semiconductor manufacturing, electric vehicle and battery plants, and clean energy projects. Notably, semiconductor plants account for a significant portion of these investments, totaling $222 billion. These figures signify a shift toward a more advanced and sustainable manufacturing ecosystem in the U.S.

Understanding the Current Scenario

Goldman Sachs’ analysis also reveals a notable increase in project activities, with projections indicating more than $80 billion in investments for both 2022 and 2023. This is a substantial contrast to the average annual investment of $23 billion observed from 2011 to 2021. However, it’s important to note that these are early stages, and a majority of equipment orders are yet to be fulfilled.

Grasping Project Timelines and Challenges

These investments often entail significant delays between project announcements and equipment orders. For instance, while a non-residential construction project might take 18–24 months from groundbreaking to production initiation, a semiconductor plant can take 36–60 months. Manufacturers must understand and plan for these delays.

Adapting to Capital-Intensive Venture

We recognize that stepping into or expanding within the manufacturing sector demands substantial financial resources. Our approach at AFG revolves around developing customized financing solutions aimed at easing the initial financial load, all while prioritizing manageable terms and efficient cost management strategies.

As we witness a substantial transformation in the U.S. manufacturing industry, it becomes apparent that we are entering a new era of industrial development. This shift presents various challenges and opportunities, particularly in the realm of financial planning and equipment financing & investments. At AFG, our commitment lies in offering support to comprehend these shifts, adapt strategies accordingly, and prosper in this dynamic phase of American manufacturing.

Alliance Funding Group No Comments

Section 179 Yearly Tax Deduction

What is Section 179 Tax Deduction?

Section 179 is a tax deduction that enables businesses to depreciate assets in the first year they purchased the asset. All assets must be put to use by December 31 of the 2024.

Why should I care about this tax deduction?

In 2024, your business can deduct the full cost of qualified equipment purchases, up to $1,220,000, with a “total equipment purchase” limit of $3,050,000.

Besides, you can take advantage of 60% Bonus Depreciation on the “new to you” equipment this year.

How to calculate my savings from Section 179?

Please use our equipment calculator for illustrative purposes:

What qualifies as Tax Deductible assets under Section 179?

  • Tangible property or hard assets (such as machines, equipment, furniture)
  • Single-purpose agricultural or horticultural structures
  • Storage facilities
  • Off-the-shelf computer software placed in service during the tax year

What are the requirements?

  • New or Used equipment with a total price of up to $3,050,000
  • Must be acquired for business use
  • Must be put to use before December 31st, 2024

How can I benefit from this Tax Deduction?

AFG offers financing and leasing solutions that are compatible with Section 179. Benefit from tax savings this year and pay for your equipment over time.

Get a free quote on equipment financing today.

*The information on this site is for illustrative purposes only. Please consult with a qualified tax advisor concerning your specific situation.

Ivan Pereverzev No Comments

Alliance Funding Group Initiates a New Division for Mid-Market Equipment Leasing, Led by Randy Hicks

Alliance Funding Group is proud to announce the appointment of Randy Hicks as its new Senior Vice President of middle market equipment leasing, balance sheet strategy. Mr. Hicks has successfully recruited Todd Greenberg (SVP, CRO) to lead the risk management duties of the new strategy.

Hicks brings over 30 years of experience in the mid-market equipment leasing and finance sector. Before joining Alliance Funding Group, he was an Executive Vice President and co-founder of Nations Equipment Finance, now known as SLR Equipment Finance, and held various leadership roles at GE Capital for 14 years.

With over 14 years in risk management, Greenberg joined Alliance Funding Group from his previous role as Senior Vice President of Risk at Post Road Equipment Finance and had a decade-long career at Nations Equipment Finance in various risk and analyst roles.

“Being active in the middle-market space as a syndicator, we’ve noticed that both banks and private credits have pulled back or moved upstream in their transaction minimums,” Brij Patel, president, CEO and founder of Alliance Funding Group, said. “Leveraging our balance sheet and with continued commitment by our bank partners, we feel that we can fill the void and provide access to competitive capital for our customers and vendor partners.”

“I am very excited to be joining the AFG team, where experience matters. As one of the largest independents in the market, AFG is well positioned to take this next step and I look forward to contributing to the success of this strategy,” Hicks said.