ARLINGTON, Texas -

Agora Data already worked with buy-here, pay-here dealerships to help them get the capital they need to acquire inventory.

Now the company has a new offering to assist BHPH operators have improved facilities to display and turn those vehicles.

On Monday, Agora Data launched AgoraPoint, which offers financing for commercial real estate and facilities. The company described its action as another step to providing a “holistic, one-stop” funding solution for dealers. 

“AgoraCapital provides more capital capacity than traditional lenders and enables BHPH dealers to grow their portfolio to two, three or four times their current size,” Agora Data chief executive officer Steve Burke said in a news release. “Many dealers need to open new locations to handle that growth and Agora wants to make that funding easy for the dealer through AgoraPoint.”

The company reiterated that offering a new funding source for dealers to efficiently and effectively obtain capital to grow their footprint reinforces Agora’s commitment to make available to the BHPH industry innovation and resources to fuel business.

Members that connect their portfolios to the Agora platform can start to realize the benefits of Agora’s proprietary modeling that outlines their business potential and the keys to maximize growth.  

Which then triggers the potential to expand an existing lot or add more locations

“When I talk to a dealer and let them know they qualify for $20 million in capital when their current lender has them capped at $5 million, the dealer asks how they can use the $20 million with only one car lot.  AgoraPoint helps make the purchase of more lots possible,” Agora senior vice president of sales Chris Barry said.

AgoraPoint is the latest product added to Agora’s family of products all powered by artificial intelligence and machine learning.

“Agora is dedicated to enabling BHPH dealers and small to mid-tier finance companies grow safely and have available abundant and affordable capital,” the company said, while adding that more details are available by visiting agoradata.com or calling (877) 592-4672.