Thursday, Sep. 03, 2020, 10:34 AM
This week, Agora Data launched a financing solution that chief executive officer Steve Burke said places buy-here, pay-here operators “on the same playing field as the large dealer groups.”
Burke explained that through AgoraCapital, BHPH dealers will have access to low-cost financing through the capital markets. He said this pioneering approach is another way Agora continues to provide industry knowledge and financial solutions to help BHPH dealers reach their goals, reduce risk, grow their business and simply make more money.
“Until now, this highly complex financial option was unobtainable by BHPH dealers,” Burke continued in a news release. “With AgoraCapital, we are connecting the BHPH dealers with the capital markets. Our crowdsourcing technology combined with our deep industry knowledge and predictive AI loan technology is transformational and designed specifically for the BHPH dealer, which results in easy access to capital with very attractive terms.”
The company explained AgoraCapital will make it possible for the BHPH dealer community to compete with larger lenders and dealer groups who have large credit facilities with a low cost of funds. Agora Data went on to mention that its latest product is in addition to the other benefits the BHPH community can receives through Agora’s proprietary technology platform utilizing artificial intelligence and machine learning designed to improve loan valuation and performance outcomes.
“AgoraCapital will have a positive impact for this special group of entrepreneurs wanting to grow their business,” Agora Data chief revenue and legal officer Chris Hawke said.
“AgoraCapital empowers dealers by providing the tools and funding they need to compete and realize their desired potential. BHPH dealerships across the nation have never had this type of financial resource available to optimize their business,” Hawke added.
For more information, go to www.agoradata.com or contact Agora Data at (877) 592-4672 or firstname.lastname@example.org.