- 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.
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