Alliance Funding Group (AFG), a privately-held equipment finance company, upsized its corporate notes to $50 million. This upsize will be used to facilitate growth and for working capital needs. read more

OCT 23, 2024 - 6:22 am

Alliance Funding Group hired Ashley Smith as vice president of business development, according to a LinkedIn post from Smith. Previously, Smith was a business development, direct lender in equipment finance at VFI Corporate Finance for seven years. read more

JUN 17, 2024 - 6:36 am

The quest for wealth first drew Brij Patel, president of Alliance Funding Group, to the finance industry. After launching a company, transitioning from a broker to a lender and asset management firm, Patel has demonstrated that true success stems from adaptability and a willingness to embrace change.... read more

Monitor 100 2024

Alliance Funding Group appointed Adam Doyle as senior vice president, head of technology finance and Eric DeHart as market director, technology finance. Together, they bring over 40 years of combined experience in equipment leasing, sales and strategic financial services. read more

MAY 16, 2024 - 6:02 am

Does your company have a winning culture, or is there room for improvement? The leaders of companies selected for Monitor’s 2024 Best Companies list in the culture category share the traits that set their companies apart and discuss nine common themes inherent in the best company cultures.... read more

Jan/Feb 2024

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Jan/Feb 2024

Alliance Funding Group appointed Randy Hicks senior vice president to lead the company’s middle-market equipment leasing balance sheet strategy. Hicks also recruited Todd Greenberg to lead the risk management duties of the new strategy as senior vice president and chief risk officer.     read more

NOV 13, 2023 - 7:11 am

Alliance Funding Group upsized its corporate notes to $39 million. The new issuance was assigned a BBB rating by a nationally recognized statistical ratings organization. Alliance Funding Group will use proceeds from this transaction for working capital purposes and to finance growth, including potential future acquisition opportunities. read more

JUL 25, 2023 - 6:56 am

Brij Patel, founder, president and CEO of Alliance Funding Group, has the small-ticket lessor growing rapidly, something it’s been doing for more than 20 years. With an eye on growing originations while managing risk and adapting to new technology, Patel aims to keep on going. ... read more

Monitor 101 2022

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Vol. 48 No. 3 2021

This year’s ranking of the Monitor’s top 40 players in the vendor channel illustrates an almost even split in performance, with 19 respondents reporting net gains and 21 posting declines. With collective vendor channel originations of $39,958.8 million, the group performed better than many anticipated this time last year with a net decline of 3.2%.... read more

Vol. 48 No. 3 2021

Leaders of three top private independents share the biggest challenges their companies faced in 2020 and discuss how their cost and access to capital fared over the last year. As the economy emerges from the COVID-19 pandemic with pent-up demand and new infrastructure spending projects on the horizon, they agree 2021 looks bullish for the industry. ... read more

May 2021

M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more

May 2021

Alliance Funding Group (AFG), a privately-held equipment finance company, closed a $25 million investment grade-rated corporate note financing. AFG intends to use the net proceeds from the transaction to support its on balance sheet growth and structured finance business. read more

MAR 24, 2021 - 6:38 am

Alliance Funding Group has set its sights on a path of accelerated growth. Monitor catches up with CEO Brij Patel and SVP Brent Hall to discuss the company’s plans to become one of the top 10 independents in equipment finance. ... read more

2021