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Here is Why Healthcare Vendors Choose AFG

In light of recent events, manufacturers around the world are adjusting their production lines, while healthcare providers stock up on crucial equipment.

Alliance Funding Group has been funding projects for healthcare providers of all sizes and specialties: from single practitioners to hospitals, since 1998.

We pride ourselves in our strong partnerships and excellent customer care that help vendors in the healthcare industry attract, secure, and retain more business.

“We have a lot of experience in the space and understand the equipment, business needs, and the fast-paced environment in the healthcare industry. We stay available after hours and on weekends to make sure we can execute and fund projects quickly and efficiently. We are the extension of our partners’ sales team.”

– Mike Harmon, VP of Sales

AFG’s Competitive Offer

We fund a multitude of business needs in the healthcare industry. Being privately owned allows us to offer creative lease structures that perfectly suit our clients’ demands.

Special vendor rates start at only 3.99% on capital leases. Human underwriters and consistently swift funding make AFG one of the most competitive resources for healthcare businesses. We offer 110% financing to cover soft costs such as delivery, installation, software, and taxes.

Besides, we extend the Unsecured Working Capital Program to help providers address their short-term monetary needs within 24 hours. Many equipment leasing and EFA approvals automatically include an option for unsecured credit access for our customers*.

Healthcare Equipment and Supplies Vendors Choose AFG

Numerous companies in the space consistently choose AFG to fund their equipment and supply needs.

Alliance Funding Group remains fully operational throughout 2020. We are offering step-up and deferral options to help American practitioners and health centers provide the best possible patient care during these unprecedented times.

Join our Vendor Program and get access to experienced salesforce, and the ability to fund various credit profiles with the starting rate as low as 3.99% on capital leasing for your customers.

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Alliance Funding Group Acquires Pinnacle Capital Partners

Alliance Funding Group (AFG) acquired Pinnacle Capital Partners, an independent specialty finance and leasing company based in Tacoma, WA.

Founded in 2000, Pinnacle is an industry specialist with a focus on the beverage, dental lab, construction, and specialty vehicle markets in addition to working capital solutions. As a direct originator, the Pinnacle team brings a full-service platform with deep industry knowledge and expertise.

AFG, based in Tustin, California, is an independent specialty finance company with core strengths in small ticket and middle-market equipment leases and short-term working capital solutions. In addition to its headquarters in Orange County, AFG also has an operations and sales office in Portsmouth, New Hampshire and a sales office in Los Angeles, California.

“I am very excited about our partnership with AFG and the alignment of two companies that will originate over $200 million in its first year,” stated Brent Hall, Pinnacle’s founder and president. “Pinnacle will be able to leverage the resources of a larger company while bringing to AFG a tenured management team and a developed sales platform in the northwest. Pinnacle will become a part of Alliance Funding Group and will operate under the AFG brand while still utilizing its private label brands in core markets.”

The acquisition brings together a management team with over 100 years of experience and a collective sales organization that is national in scope with expertise in small ticket, middle-market, and working capital products.

“Both culturally and synergistically, this combination creates a specialty finance and working capital platform that is poised for real growth and success,” said Brij Patel, Founder and CEO of AFG. “I have known Brent Hall for many years through the industry and I’m truly excited to have someone of his caliber along with Pinnacle’s organization to add to AFG’s current tenured sales and management team.”

Original source: https://www.monitordaily.com/news-posts/alliance-funding-group-acquires-pinnacle-capital-partners/

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Filing and Paying Business taxes on time

There is no other way to put it. We all have to pay taxes every year. Even though the government is trying to help businesses mitigate possible losses, taxes need to be paid sooner or later.

Many small businesses run on thin margins, and a couple of unexpectedly slow months can put your business at risk. We understand that, and that is why we designed a program specifically for a situation like that. No more need to pile up cash before the tax season! You can get a competitive business loan to help you cover the tax payment and scatter the amount over the next few months.

Apply now and get up to $250,000 to pay taxes on time!

 

Filing and Paying Business taxes on time

 

IRS charges interest on outstanding tax balance

The IRS treats the outstanding (underpaid) tax balance as a loan. That means that you will pay between 4 and 6 percent in interest charges, in case your corporate taxes aren’t completely covered.

Using an appropriate business loan will save you the trouble of dealing with the IRS later in the year, and (unlike the IRS), you would be eligible for a write-off in the coming year.

 

Extra Penalties

In addition to the accrued interest, the IRS imposes on late payments. There are steep penalties that you may have to pay in addition to the interest charges. Many sources online suggest that companies should seek a business loan a few months prior to tax season so that they have emergency access to money.

Our article outlines various sources of working capital loans that you may consider depending on the amount you need, available resources, and timing.

 

More punishments from the IRS

As we mentioned earlier, any outstanding tax balance would be treated as a loan. Besides all other penalties, the IRS can issue a tax lien on your business or even personal taxes and claim them in place of the missing amount.

As an extra spoke in your wheel, tax liens usually have a quite severe impact on your credit history. It can drive down your business and personal credit, making it harder to secure beneficial credit in the future.

 

What can you do?

Fortunately, our Unsecured Working Capital Program is one great way to help you do business with confidence this Spring! Unsecured money is the easiest to get and poses zero risks to your company’s assets.

You can get the funds on the next business day!

Need to pay business taxes? Apply now and get up to $250,000 within 24 hours!

 

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Is Interest Expense Tax-Deductible?

Business loans are powerful tools that allow companies to improve their services, acquire better equipment, and sustain through slow periods. Simply put, a loan can be used to cover a large variety of expenses.

Making sure all your expenses are accounted for during the tax season is crucial to compliance and retaining cash in your business. This article will focus on working capital and how you can benefit from interest tax deductions.

At AFG, we use a short-term loan structure, which allows you to get the most benefit when you file your taxes!

Need to take out a working capital loan? Apply now and get up to $150,000 within 24 hours!

How to make sure you are eligible for a tax write-off?

Before understanding deductions, you should make sure that your type of loan and use of the money would qualify for a write-off. Here are the general requirements:

  • You have to borrow from a legitimate business lender

Your loan has to come from a bank or a business lender. It may sound self-evident, but many startup owners tend to borrow from family and friends. Since they are not an accredited lender, such loan would not be eligible for a tax write-off.

As a general rule, the IRS is very suspicious of any private party funding. That is because personal agreements may not be defined as “loans” in the legal sense of that word. Therefore, only a loan that has a clear payment schedule and makes you legally liable to repay will qualify.

  • You must spend the money

When you take out a short-term working capital loan, the requested amount of money is wired to your account. Most intent to use it, yet you have the option to keep in your bank account until you pay it back.

In order to be eligible for the deduction, you have to spend the money.

Doing the math

As mentioned above, a working capital loan is a short-term product. That means that you will likely expend all the interest in the same year or split between two years.

Different working capital products use either a standard annual percentage rate (APR) or a factor rate, depending on terms of your contract. Therefore, the amount of interest paid will be different for every situation. 

What’s next?

Alliance Funding Group is compliant with the tax laws, and all our products allow you to benefit from tax write-offs every single year.

With our Unsecured Working Capital Program, it is easy to know your exact interest amount from the get-go! We use simple factors and provide you with a fixed cost of capital so that you can make an educated business decision.

Get a free quote with no effect on your credit today and benefit from the tax write-offs this year!

Note: This article should not be taken as tax advice. AFG recommends that you consult your accountant or tax advisor.