ARLINGTON, Texas, June 21, 2021 (Newswire.com) – Agora Data, dedicated to providing robust financing options to help meet the capital needs of Buy Here Pay Here (BHPH) dealers and smaller finance companies, today announced the company’s launch of AgoraPoint. AgoraPoint offers financing for commercial real estate and facilities and is another step to providing a holistic one-stop funding solution for dealers.
Steve Burke, CEO of Agora Data, Inc. stated, “AgoraCapital provides more capital capacity than traditional lenders and enables BHPH dealers to grow their portfolio to two, three or four times their current size. Many dealers need to open new locations to handle that growth and Agora wants to make that funding easy for the dealer through AgoraPoint.”
Offering a new funding source for subprime dealers to efficiently and effectively obtain capital to grow their dealership’s footprint reinforces Agora’s commitment to make available to the BHPH industry innovation and resources to fuel business. Members that connect their portfolios to the Agora platform, immediately start to realize the benefits of Agora’s proprietary modeling that outlines their business potential and the keys to maximize growth.
Chris Barry, SVP of Sales at Agora stated, “When I talk to a dealer and let them know they qualify for $20 million in capital when their current lender has them capped at $5 million, the dealer asks how they can use the $20 million with only one car lot. AgoraPoint helps make the purchase of more lots possible.”
AgoraPoint is the latest product added to Agora’s family of products all powered by radical AI and machine learning. Agora is dedicated to enabling BHPH dealers and small to mid-tier finance companies grow safely and have available abundant and affordable capital.
About Agora Data, Inc: Founded in 2017, Agora Data’s mission is to provide access to capital for Buy Here Pay Here dealers and small to mid-sized finance companies. Pioneered by Agora Data, AgoraCapital, AgoraCredit and now AgoraPoint all provide critical funding so small- to mid-sized dealers can obtain all the cash they need to fuel growth. Agora’s proprietary, radical, AI-infused technology connects dealers and finance companies with the capital markets. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com or contact us at 877-592-4672.
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