business owner working on laptop computer in workshop
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How Working Capital loans can help pay your business taxes

If you run a business with expenses, you need working capital. What is working capital? Basically, it’s the cash that a business has on hand for current and short-term business operating expenditures. This includes things that are your non-negotiables, like utilities, payroll, taxes, and rent. These expenses are due regardless of the state of your business.

You need positive and healthy working capital for a business to not only survive but also for it to be successful. It ensures that business operations continue to run smoothly without any interruptions or hiccups.

Here are some benefits of a working capital loan : 

  • Provides reserves during a rough patch such as a global pandemic 
  • Gives the ability to expand your business or explore other markets
  • Helps with the acquisition of revenue-generating initiatives
  • Allows you to purchase inventory before the busy season in your industry
  • Supports the hiring and training of additional staff 
  • Assists with tax payments

How a Working Capital Loan can help you with your business taxes

Let’s face it, there is no running away from taxes. But there are tactics you can use to help make paying them easier on you and your business.

Many small businesses run on thin margins so when the time comes to pay taxes suddenly you are facing a huge dip into your operating capital. It’s almost like paying a full year’s rent on your move-in day. Wouldn’t it be easier if you could pay it out over 3-12 months instead? 

That’s exactly what a working capital loan provides.

It ensures you don’t have to stockpile cash for months prior to tax season. Instead, you can get a competitive business loan that you have several months to repay, freeing up some of your profits, while also paying your balance in full.

What about the interest that comes with a loan?

Did you know the IRS charges interest on the outstanding taxes that are due? That’s right –  they treat your balance as a loan and charge a 4-6% interest rate on it. Not only that, but they can also charge late fees (steep ones), place tax liens, or even go after your personal taxes and claim them in place of the missing amount. Tax liens usually have a rather severe impact on your credit history and can drive down your business and personal credit, making it harder to secure credit in the future. This is why low-interest working capital loans can be so beneficial in these situations – you can actually save money and protect your credit and reputation while paying the full amount on time. Now that’s a win-win.

Choosing the right offer for your business

The business loan process at banks is traditionally slow and complicated. They require extensive paperwork, heavily scrutinize your credit, and impart high fees and interest rates.  Whereas at AFG, we make sure our working capital loan process is FAST, EASY, and low risk. 

You can feel secure knowing you are partnering with a trusted lender who offers affordable rates and a smooth and hassle-free process so you can concentrate on your business. We’re here to make it simple for you to get the cash you need without surprises, hidden fees, or penalties.

Interested in applying for a working capital business loan? 

It’s easy – you can apply online with just a few essential documents. Once approved, the funds reach your business account within 24 hours.

Apply now and get up to $150,000 almost instantly.

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Dimer, a Leader in UVC innovation, Partners with Alliance Funding Group (AFG) to offer Flexible Leasing for its Revolutionary UVHammer Disinfection Solution

LOS ANGELES, March 10, 2021 — Dimer announced its partnership with Alliance Funding Group (AFG) to begin offering flexible and affordable leasing options for its state of the art mobile ultraviolet disinfection solution, coined the UVHammer. This partnership will continue to enable widespread adoption of higher health standards, making it possible for any organization to onboard this pivotal technology into their existing cleaning protocols.

Dimer’s UVHammer provides the fastest, simplest, and most effective UV disinfection on the market. The solution utilizes the same patented technology as Dimer’s GermFalcon – the revolutionary germ-killing device for aircraft cabins that has been brought to market globally by Honeywell, and more recently recognized in TIME’s Best Inventions of 2020.

Dimer’s UVHammer has been verified by a Nationally Recognized Testing Laboratory to be capable of disinfecting a 400sqft operating room in less than 3 minutes. The UVHammer’s patented design enables it to work in nearly any commercial setting and has been utilized to disinfect hospital rooms, hotel rooms, offices, electronics bays, restaurants, and more. The UVHammer is now available for lease starting at $35 / day.

“Dimer wants to save lives by killing germs. Our new partnership with AFG enables Dimer to offer incredibly affordable options for all of our customers, making sure everyone has the opportunity to access the best possible solution.” – Elliot M. Kreitenberg, Co-founder & President of Dimer

About AFG:

Alliance Funding Group (AFG) has funded over $2 Billion dollars in equipment loans, leases, and working capital to over 25,000 customers. Recently ranked as one of the fastest-growing independent leasing companies in the US, AFG possesses the financial resources, industry expertise, and product knowledge to serve the needs of small and medium-sized businesses throughout the United States.

 

Media Contact:

Max Solomon
VP of Marketing
max.solomon@dimeruv.com

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Alliance Funding Group’s Quest to Become the Next Big Independent

Alliance Funding Group has set its sights on a path of accelerated growth. Monitor catches up with CEO Brij Patel and SVP Brent Hall to discuss the company’s plans to become one of the top 10 independents in equipment finance.

The independent’s pursuit of capital is an ongoing story. But once an independent can attract the attention of the investor community, they are poised to ascend to the next level. With a recently announced closing of a $25 million ‘BBB’ rated corporate note financing, Alliance Funding Group (“AFG”) has set its sights on a path of accelerated growth.

Monitor caught up with CEO Brij Patel and Senior Vice President Brent Hall, who discussed the company’s plans to become one of the top 10 independents in equipment finance.

“Our overall acceptance in the market and the execution on our deal was fantastic,” Hall says.  “Our whole story, how long we’ve been around, the depth of the management team, where we are now and where we’re going is really exciting, and the institutional investor market recognized that immediately,” Hall says.

AFG initially went to market with a $20 million bond through Brean Capital, which served as the company’s exclusive advisor and placement agent in connection with the transaction. “Brean  came back to us literally within a couple of days of launch and said, ‘Can we increase that to $25 million?’  The deal was oversubscribed in under two weeks.

Capital to Grow

Since founding the AFG 23 years ago, the company has funded more than $2 billion to more than 16,000 commercial customers across multiple economic cycles while continuing to expand almost entirely through its direct sales efforts. The corporate note financing, coupled with a revolving credit facility that closed in November, will enable AFG to take its business to the next level.

Patel says AFG’s primary focus over the last three years really has been in the vendor channel. “Our story is a little bit different than other stories as we have the ability to do small ticket, mid-market and working capital, a three-product

approach to the space,” Patel says. “So we can add a lot more value to the dealer or manufacturer that sells into multiple grades of credit profiles in small ticket and middle market.”

The capital will give us the ability to increase our senior facilities,” Patel says. “It will be used as a haircut capital effectively, and for our structured finance product. Where a vendor wants a deal to be structured with some vendor support, we’re able to use the additional liquidity to provide a value-add solution to the vendor and the dealer and the manufacturer. So it really sets the stage for us to take the business that has historically done small ticket, mid-market and working capital to the next level with the vendor channel.”

“When you look at the independents that are currently in the space, it’s who’s up next, right?” Hall says, pointing out that Ascentium Capital, which was the perennial No. 1 in Monitor’s Top Private Independents’ ranking has been acquired along with other larger independents.

“A lot of the larger independents that were active in ABS have gone through their cycle,” Hall says. “The investment grade rating followed by the successful capital raise of the corporate bond — all of this just stacks up to our future growth. Our five-year plan positions us clearly to become one of the top 10 largest independents in the country.”

Material by Rita E. Garwood 2021, Monitor Daily.

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Alliance Funding Group (AFG) Announces New Domain and Brand Identity

TUSTIN, CA, January 18, 2021 – Alliance Funding Group (AFG), one of the largest privately-held equipment finance companies in the U.S. announces the launch of its new domain (afg.com), logo, and brand identity today.

AFG has funded over $2 Billion dollars in equipment loans, leases, and working capital to over 25,000 customers. Recently ranked as one of the fastest-growing independent leasing companies in the US, AFG possesses the financial resources, industry expertise, and product knowledge to serve the needs of small and medium-sized businesses throughout the United States.

AFG has undergone a significant transformation in the past few years. While continuing to scale their Orange County, Los Angeles and Portsmouth, New Hampshire offices, they attracted some of the best talent in sales and operations.

In 2020, AFG acquired two highly respected equipment leasing companies—Pinnacle Capital Partners, LLC and Summit Commercial Finance. Pinnacle is a 20-year equipment lease and specialty finance company located in Tacoma, WA while Summit is an independent specialty finance and leasing company based in Scottsdale, AZ. These acquisitions added additional sales platforms as well as experienced management leadership to the organization.

“Our company has transformed in the past few years and we wanted our identity to mirror that transformation,” said AFG’s president, Brij Patel. “We have always had the leadership, staff, systems, subject matter knowledge, and internal processes to support substantial growth. This new brand now makes our way clear to become the most sought after and respected leasing company in the country.”

AFG originates leases and financing for small to mid-sized commercial enterprises including; medical, construction, technology, manufacturing, federal, transportation and other diverse industries. They regularly work with hundreds of equipment vendors to originate and fund essential equipment leasing and financing contracts.

Alliance Funding Group (AFG), was founded in 1998 and has grown to become one of the largest privately held equipment finance companies in the U.S. Having funded over $2 billion in equipment at similar rates to bank affiliated finance companies, AFG provides financing, leasing, and working capital to a wide variety of businesses & government agencies, and a large spectrum of credit types. AFG currently operates out of its headquarters in Tustin, California with offices in Los Angeles, CA, Portsmouth, NH, Scottsdale, AZ, and Tacoma, WA.