ARLINGTON, Texas, July 12, 2021 – Agora Data will be speaking 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 available financing options. Chris Barry from Agora Data will talk about Agora’s breakthrough funding program that gives BHPH dealers access to expansive funding resources only accessible to the largest auto lenders
“One of the biggest obstacles BHPH dealers face is the unavailability of ample, inexpensive financing resources to expand inventory and finance customers,” said Chris Barry, SVP Sales, Agora Data. “The options BHPH dealers do have come with high-interest rates and personal guarantees. Along with fewer financing 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 subprime auto originators.”
With AgoraInsights, BHPH dealers and smaller finance companies have resources to access financing options and business information, powered by artificial intelligence and machine learning. With AgoraCapital, the company created a crowdsourced financing model that gives subprime loan originators equal footing with larger enterprises. A BHPH dealer can go from borrowing money at higher retail rates to borrowing at lower wholesale rates with no personal guarantee. This innovation in auto finance gives smaller dealers financial leverage traditionally only enjoyed by large dealerships. Beyond financing, the business insights from Agora Data give BHPH dealers a deep vision into new business possibilities.
It is important for BHPH dealers to attend Agora Data’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.