Agora Data Issues Lender Challenge To Compare Buy Here Pay Here Dealers’ Credit Lines

--News Direct--

Agora Data, Inc. has issued a challenge to commercial lenders providing credit lines to Buy Here Pay Here (BHPH) dealers. The challenge consists of a checklist for BHPH dealers and smaller finance companies to compare their current line of credit to AgoraCapital. If a dealer can get its lender to match all the terms of AgoraCapital, Agora will offer its congratulations and send the dealer a check for $1,000. Dealers can find the Agora Lender Challenge details and checklist at www.agoralenderchallenge.com.

Specifics for the Agora Lender Challenge include lowering current interest rates, eliminating monthly borrowing base true-ups, removing burdensome financial restrictions, and obtaining a wealth of services (free of charge) to help support and plan for growth. After taking the Agora Lender Challenge, dealers are encouraged to contact Agora Data and explore all financing options that best align with their business and personal goals. Dealers in good standing with their current lender are automatically eligible to refinance their line of credit with AgoraCapital at a reduced interest rate and receive a commitment to triple their borrowing capacity. New dealers wanting to accelerate their portfolio can get started with various robust and low-cost financing options.

“Agora Data is changing the dynamic between dealers and lenders and issuing a challenge that gives dealers the power to identify the best financing options that support business goals and needs,” said Steve Burke, CEO of Agora Data. “The market has known for some time that financing innovation for BHPH dealers is long overdue, and with our AgoraCapital program, we have successfully removed the obstacles that previously hampered growth and profitability. Agora Data is addressing barriers by providing BHPH dealers access to capital markets to help fuel their growth.” Burke went on to encourage “dealers to stop working for your lenders and start working for yourself”.

The Agora Lender Challenge follows Agora Data’s successful execution of the auto industry’s first-ever crowdsourced auto loan securitization on December 29, 2020. This groundbreaking development in the world of structured finance provides BHPH auto dealers and small to mid-sized finance companies access to affordable capital markets funding. In addition, Agora Data recently announced its latest product offering – AgoraCredit. AgoraCredit is designed to transition dealers from their current senior lender into interim credit lines that work in harmony with the AgoraCapital securitization program. AgoraCredit was created with the specific goal of not locking dealers into expensive and risky lines of credit but instead initiating the freedom of providing a smooth glide path into the world of crowdsourced securitizations.

In addition to access to AgoraCredit and AgoraCapital, Agora Data members connected to the platform receive free of charge additional insights and analytics to better understand their portfolio's performance enabling dealers to make more informed business decisions as well as numerous other tools and services to help ensure success.

About Agora Data, Inc: Agora is re-inventing auto finance for Buy Here Pay Here dealers and finance companies with a crowdsourcing platform that bridges access to the capital market. Easy to use and analytically robust business tools empower the untapped and diverse portfolios of the BHPH auto market, connecting dealers, sub-prime finance companies, and capital market lenders with results-driven resources to enhance financial growth. Founded in 2017 by a best-in-class team of top professionals in auto finance and leading data scientists, the company has successfully combined billions in historical loan performance data to develop its AI-Infused predictive loan technology and machine learning models. agoradata.com. For more information, please contact Agora at (877) 592-4672 or contactus@agoradata.com.

Contact Details

Shelly Vandeven

+1 682-282-4130

media@agoradata.com

Company Website

https://agoradata.com/

View source version on newsdirect.com: https://newsdirect.com/news/agora-data-issues-lender-challenge-to-compare-buy-here-pay-here-dealers-credit-lines-109192902

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