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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.

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5 Ways for Business Owners to Reduce Their Taxable Income

The Internal Revenue Code allows for a wide variety of options to save money on taxes, encouraging entrepreneurs to create jobs and invest in thier businesses.

We do not recommend spending money for the sole purpose of reducing your taxes. However, you are likely to benefit from smart spending. Here are some popular solutions to lower your tax liabilities and save money for your business.

Tax Credits

The federal government offers tax credits and tax breaks that drive business owners to make decisions that improve the overall American economy. Actions such as hiring employees, creating an accessible environment for people with disabilities, shifting to emissions-free technologies, and even offering health coverage for employees can qualify you to save money on taxes.

Qualified Business Income (QBI) Deduction

You may qualify to deduct 20% from the QBI if your business is an S-Corp, a partnership, or a sole proprietorship. This deduction comes additionally to your regular deduction of business expenses. You could qualify if your taxable income is under $157,500. The amount goes up to $315,000 if you are filing a joint return with your spouse.

Write Off Bad Debt

Unfortunately, some customers may never pay for what they purchased on a note. The last quarter is the perfect time to identify those receivables and write them off to save money on taxes this year.

Fund a Retirement Plan (For Yourself and Employees)

Adding money to an Investment Retirement Account such as 401(k) and 403(b) free you from taxation up to a certain amount every year. The share of income put in an IRA is usually tax-free until you withdraw it. Consider consulting a tax advisor to make sure you qualify.

Section 179 and Bonus Depreciation

Business assets such as machinery, vehicles, and other equipment can qualify for a Section 179 deduction. This part of the IRS Code allows your business to write off up to $1,040,000 of the equipment cost in the first year. You can take advantage of this rule until you reach $2,590,000 for the year.

The additional bonus depreciation also offers a tax break of 50-100% on equipment cost. The current bonus depreciation rules are valid until January 1, 2023.

Please, note that you must put the newly acquired equipment in use by December 31 to take advantage of these tax benefits.

Note

Other restrictions may apply to the tax breaks explained in this article. Check if you are eligible with your tax advisor.

We Can Help

Alliance Funding Group offers equipment leasing solutions that qualify for Section 179 deduction.

Get a custom-tailored quote this year and save money on taxes.