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AFG Funds a Transportation Company Despite COVID-19 Related Challenges

  • Approval for a transportation company, a restricted industry among lenders due to COVID-19
  • Helped avoid lay-offs by providing quick funding
  • The client received enough funds to stay open as its SBA relief application is being reviewed

As American businesses are experiencing hardships in Q2 and Q3 of 2020, Alliance Funding Group helps small and medium-sized companies retain their financial welfare.

AFG’s Unsecured Working Capital Program has seen an increased demand in the past few months. Our VP of Working Capital Products, Mike Amezquita, has shared some details on a recently funded deal.

Solution

Courtesy Transportation out of North Carolina is a current leasing client of Alliance Funding Group. It has applied for government funding, provided by the Small Business Administration, to support its operations and cover payroll expenses. However, the waiting time for such loans is currently measured in months.

Mike worked with the company to help them bridge the gap before the expected government aid arrives sometime in the summer. He was able to secure an approval for up to $40,000 and up to 9 months with manageable weekly payments.

“I’ve been working in financing for over 6 years. I understand the equipment and typical challenges that passenger transport and hauling companies face. Courtesy Transportation among hundreds of our customers rely on AFG’s resources and experience to efficiently run thier businesses. I do my best every day to answer questions, educate them on financing and leasing products, and fund deals fast.”

Mike Amezquita, VP of Working Capital Products

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Why Do Equipment Vendors Choose Alliance?

Alliance Funding Group was established in 1998, bringing the top salesforce, over 100 years of combined managerial experience, and significant amounts of private capital under one roof.

Over the years, we have built longstanding relationships in the space that allow us to fund a wide range of business needs across multiple industries.

We pride ourselves in the resources, experience, and commitment to providing each company with the most competitive and accessible financing solutions available in the marketplace.

Our VP of Vendor Relations, Kevin Russell, had shared why prominent OEMs and dealers choose to work with AFG:

“Our competitive advantage comes from consistent relationships with vendors and their customers. We are always on the phone to provide timely updates and to ensure our partners know their rep is there 100%.”

Kevin Russell, Senior Account Executive

AFG’s Competitive Offer

We fund a multitude of business needs: from short-term working capital to cargo fleets and large construction projects. Being privately owned allows us to offer creative lease structures that best suit our clients’ needs.

With special vendor rates starting at 3.99% on capital leases, human underwriting, and quick turnaround AFG is among the most competitive resources for small and medium-sized businesses.

In Light of Recent Events

Alliance Funding Group is fully operational. We are offering step-up and deferral options for new customers to help American businesses thrive during these uncertain times.

Our Customers are Happy

AFG’s customers express their satisfaction in working with our representatives.

“Atalie, Ken and their colleagues have always been attentive, prompt, fair and easy to work with and I would recommend them to anyone.”

“Kevin, is professional, knowledgeable and executes in a timely manner. Kevin goes way beyond the call of duty!”

“These guys are the best in the business”

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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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.

Alliance Funding Group No Comments

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/