Alliance Funding Group has recently hit a significant milestone. The company has recently managed to upscale its corporate notes to an impressive $39 million. This development underscores AFG’s financial stability and unwavering commitment to fostering growth. It consolidates AFG’s intent to carve out a leadership position within the equipment finance landscape.
The new issuance was assigned a BBB rating by a nationally recognized statistical ratings organization, highlighting AFG’s steadfast financial reliability. AFG plans to allocate the proceeds from this significant transaction towards amplifying working capital and financing the company’s ongoing growth. Alliance Funding Group is actively pursuing potential acquisition opportunities, recognizing them as strategic pathways to further strengthen the industry position.
Since its establishment, AFG has been committed to providing small-ticket and middle-market equipment leasing, financial, and working capital solutions to businesses across the United States. Marking an impressive growth trajectory, Alliance Funding Group has injected over $2 billion into more than 25,000 businesses, with the ambition to expand the influence further, propelling the success of an even larger number of businesses.
AFG expresses appreciation to its core base of institutional investors, whose unwavering support and trust in our growing platform has been instrumental in the company’s success. “With our competitors tightening their credit boxes, we see an exceptional opportunity to gain more market share, both organically and through potential synergistic acquisitions,” said Brij Patel, the founder and President of AFG.
The company’s Senior Vice President of Capital Markets, Brent Hall, emphasized, “After our successful securitization earlier in the year, this recent financing move strengthens our balance sheet even more. We’re witnessing considerable demand from our customers, and this additional capital will empower us to cater to their financial needs in an increasingly volatile economic environment.”
Brean Capital, LLC played a pivotal role in this transaction, serving as AFG’s exclusive financial advisor and sole placement agent. Their expertise and counsel have been invaluable in this significant accomplishment.
AFG is committed to delivering reliable financial solutions to a wide range of businesses, irrespective of the credit type. Headquartered in Tustin, California, AFG expanded its presence with offices in Los Angeles and Carlsbad, CA, Portsmouth, NH, Austin, TX, and Tacoma, WA. Looking ahead, AFG is poised to leverage this additional capital, fortifying its suite of services and contributing to the financial health and growth of businesses across the United States.