Agora Data Emerges With New Financial Innovation—AgoraCapital
With AgoraCapital’s reducing rate line of credit, small businesses can save on heavy interest rates and enjoy better returns like large businesses.
Fremont, CA: Almost half of the small business owners cite a shortage of finances as the reason for closing their doors. After taking out loans, many firms find themselves drowning in high interest rates. Simply put, they don't have enough money flowing in to pay their staff or cover other costs. Agora Data, the creator of the first crowdsourced securitization for the Buy Here Pay Here business, has come up with another financing innovation with the first-ever lowering interest rate line of credit. This innovative offering provides unrestricted borrowing, the lowest interest rates, and the largest amounts. It allows Buy Here Pay Here dealers and small to mid-size financial organizations to grow and compete rapidly. Agora's game-changing approach to fundraising fills a gap in the industry and gives small business owners the same borrowing advantages as large dealerships. Dealers are acquiring the freedom and resources to accomplish exponential development by removing regulatory obstacles and employing data-driven analytics.
Dealers that use AgoraCapital's decreasing rate line of credit benefit from interest savings and generous advances as soon as they are accepted. Interest rates decline over time, but other benefits such as no personal guaranty or recourse, freedom to draw funds as needed, and no origination or unused line fees improve. AgoraCapital is meant to help dealers manage their portfolios, operate with confidence, and gain market share by supporting revenue-generating operations.
"Agora is already making a positive difference for the BHPH industry by helping our members strengthen their financial footing and realize unprecedented growth, knowledge, ability to compete and ultimately build wealth," Steve Burke, CEO of Agora Data, states. "With AgoraCapital, we remove the obstacles dealers confront in traditional lines of credit and empower them with the same secret sauce enjoyed by larger national dealer groups. Agora's innovative, best-in-class financing options and robust data analytics is leveling the playing field for an underserved and underbanked industry."