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

(ARLINGTON, Texas, March 24, 2021) 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 Data has created access to capital for Buy Here Pay Here dealers and small to mid-sized finance companies. Pioneered by Agora Data, both AgoraCapital and AgoraCredit provide a new funding channel to obtain all the cash needed to fuel growth. Agora’s proprietary radical AI-infused technology connects dealers and finance companies with the capital markets. For capital markets stakeholders, AgoraTrade and AgoraCapital provide an opportunity to participate in a time-tested asset class previously not available. Agora Data made history with the closing of the first-ever Crowdsourced Subprime Auto Securitization on December 29, 2020. Founded in 2017. agoradata.com. For more information, contact Agora Data at 877-592-4672.

Media Contact:

Shelly Vandeven

682-282-4130

media@agoradata.com