Agora Data to Present at TIADA’s Annual Conference, “Where Is the Money?”
NEWS RELEASE BY AGORA
ARLINGTON, Texas OpinePR 🎯- Agora Data will be speaking and exhibiting in the “Where Is the Money?” panel discussion at the Texas Independent Automobile Dealers Association (TIADA) Conference and Expo being held July 25-27, 2021, in Round Rock, Texas. “Where Is the Money?” overview will be held on Monday, July 26 at 11:30 am for Buy Here Pay Here (BHPH) dealers to learn about abundant capital that will change BHPH forever. Chris Barry will talk about Agora’s breakthrough AgoraCapital program that gives BHPH dealers access to capital previously only accessible to the largest auto lenders and finance companies.
“One of the biggest obstacles BHPH dealers face is the unavailability of abundant and inexpensive capital to build their loan portfolios,” said Chris Barry, SVP Sales, Agora Data. “The options BHPH dealers currently have come with high interest rates, personal guarantees and restrictive financial covenants. Along with fewer borrowing options, BHPH dealers rarely have the resources for advanced analytics and technology to gain critical business insights about their biggest asset, their BHPH loan portfolio. Agora is changing the entire business dynamic for BHPH dealers.”
With AgoraInsights, BHPH dealers have resources to access capital and business information, powered by artificial intelligence and machine learning. With AgoraCapital, the company created a unique and innovative capital model that gives BHPH dealers equal footing with larger dealerships. A BHPH dealer can go from borrowing money at higher rates to borrowing at lower rates with no personal guaranty. This innovation in auto finance gives BHPH dealers the financial leverage traditionally only enjoyed by large dealerships. Beyond financing, the business insights from Agora give BHPH dealers deep vision into new business possibilities.
It is important for BHPH dealers to attend Agora’s “Where Is the Money” presentation at TIADA. Agora’s program promises to revolutionize the business and enable BHPH dealers to prosper and grow in ways they never could before. Agora representatives will be available throughout the conference and at booth #707 in the Kalahari Resorts exhibit hall.
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 originators 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.