The Resurgence of Manufacturing: A $1 Trillion Shift Unveiled The manufacturing industry in the United States is currently undergoing a significant transformation, driven by technological advancements and substantial investments. A recent report by Goldman Sachs highlights this trend, with over $1 trillion invested in manufacturing and infrastructure, signaling substantial growth and innovation in the industry. This period of change presents valuable opportunities for manufacturing businesses, and we are here to provide insights and support to navigate this evolving landscape. The Emerging Tre ..read more

What is Section 179 Tax Deduction? Section 179 is a tax deduction that enables businesses to depreciate assets in the first year they purchased the asset. All assets must be put to use by December 31 of the 2024. Why should I care about this tax deduction? In 2024, your business can deduct the full cost of qualified equipment purchases, up to $1,220,000, with a “total equipment purchase” limit of $3,050,000. Besides, you can take advantage of 60% Bonus Depreciation on the “new to you” equipment this year. How to calculate my savings from Section 179? Please use our equipment calculator for il ..read more

Alliance Funding Group is proud to announce the appointment of Randy Hicks as its new Senior Vice President of middle market equipment leasing, balance sheet strategy. Mr. Hicks has successfully recruited Todd Greenberg (SVP, CRO) to lead the risk management duties of the new strategy. Hicks brings over 30 years of experience in the mid-market equipment leasing and finance sector. Before joining Alliance Funding Group, he was an Executive Vice President and co-founder of Nations Equipment Finance, now known as SLR Equipment Finance, and held various leadership roles at GE Capital for 14 y ..read more

Alliance Funding Group has recently hit a significant milestone. The company has recently managed to upscale its corporate notes to an impressive $39 million. This development underscores AFG’s financial stability and unwavering commitment to fostering growth. It consolidates AFG’s intent to carve out a leadership position within the equipment finance landscape. The new issuance was assigned a BBB rating by a nationally recognized statistical ratings organization, highlighting AFG’s steadfast financial reliability. AFG plans to allocate the proceeds from this significant transaction towards am ..read more

With specific challenges post COVID-19, large businesses and SMEs are leveraging AFG’s suite of financing solutions for more than just equipment leasing. For many businesses, the complications associated with a decrease in working capital have been crippling to their bottom lines. Companies are experiencing new challenges that require strategic solutions in order to maintain or increase their solvency. Having worked closely with over 25,000 clients, AFG has been able to identify the frustrations many customers have faced with supply chain management. By helping customers leverage our working ..read more

Most companies out there strive for growth. And while growing demand is vital for a business, capturing it takes the right operational capacity. The output of a typical business often comes down to two essential elements: talent and equipment. Every year, equipment manufacturers invest heavily in research & development to bring better, more efficient models to the market. And the end consumers of such equipment require timely upgrades to beat the competition. AFG powers leasing for 100+ equipment vendors, dealers and OEMs. Why do they choose to offer an integrated leasing experience for th ..read more

When most companies think of insurance, they typically only think of their general small business insurance policy. But, if you are a construction company owner or manager, there are a few extra things to consider. The construction industry requires more insurance than other types of companies. This is because construction projects are considered higher-risk entities in the eyes of most insurers. While we know that you take safety seriously, coverage of different properties and expensive equipment calls for above-average premiums. This article will give you a quick rundown on different types o ..read more

The US is and has always been built on small businesses. Did you know the SBA’s 2019 report stated there are 30.7 million small businesses in the U.S. and they make up 99.9 percent of all U.S. businesses? That’s right. They contribute not only to employment, but to innovation and the global economy.  There are many upsides of owning a small business. There’s the flexibility and empowerment of being your own boss. There’s the possibility of financial freedom without the restrictions of working for someone else. And of course, maybe most importantly, there’s the ability to follow your own p ..read more

According to the U.S. Bank study conducted by Jessie Hagan, “82 percent of businesses fail due to cash flow mismanagement”  You know that running a successful business requires first and foremost, a clear understanding and knowledge of the financial aspects of the business. Companies of all sizes need at least some sort of financial planning assistance in order to grow. A plan needs to be in place, especially during those growth years when problems with cash flow management are most likely to arise. Businesses operate on money and its availability (working capital) determines everything f ..read more

We’ve all heard the phrase you have to spend money to make money…   But really, it’s only true if you spend that money wisely. Investing money into something that doesn’t improve the outcome of your business won’t get you anywhere.  We know that having the right equipment to power your business is important. The proper equipment can increase your productivity, lower your costs, or give you access to new markets – all things that positively affect the bottom line. Would you partner with an IT firm with old computers and network servers? Or how about a frequent coffee shop without ..read more