Orange >Alliance Funding Group
Thank you Alliance for your help. When no one could help me including my bank, Alliance came through and financed a much need tractor for my business. I will high recommend any one looking for alternative to bank financing to contact Alliance Funding.
Alliance makes great efforts at providing their customers with the funding necessary for equipment purchases that will keep your business moving. Great group to work with!
Sharks, this Comapny ripoff honest hardworking people. 25 percent interest beware. Don't use them. I repeat I am about to lose 30,000 dollars. Huge ripoff
READ THE FINE PRINT! CANT BELIEVE WHAT THEY SAY. Everything started off well to my ears. I was financing two vehicles and was told it was a lease with a dollar buy out with no early payoff penalties. After two yrs into the loan i sent a lump sum for pay off. Stopped recieving any info on the loan after about a year I called to get proof of release of lien. Larry masani told me that that money I sent was being used toward payments and that I was responsible for the intrest for the term of finance regardless of when it was paid off. When I told him that was not what i was told, he told me to read my contract (very arrigantly). When I asked to speak with Admir Patel he told me he was no longer with the company (matbe he couldn't handle being part off a rip-off company?) So now I was doomed with a high intrest rate, no option to pay early, horrible customer service, and later found out that It wasn't a one dollar buy out but that after making all payments still had to pay the market price for this equipment. WHAT CROOKS! I GURANTEE THERE ARE NO REPEAT CUSTOMERS WITH THESE PRICKS! But hey if you dont mind paying triple the value of something. CAll Larry And his team they are ready to help you go under!
A Shark in the Stormy Seas of Small Business.
Our experience with this company was nothing short of horrific. After our lease was over we were still debited by AFG for the payment amount. We were overcharged by six payments.
Although our disagreement with AFG has been resolved it is important to know that AFG has been known to include automatic renewal or “evergreen” provision in their leases. These provisions will automatically convert the lease into a rental contract which, if you do nothing, will renew each year. In some markets this is desirable, such as a copier, medical and fitness equipment or technology related items but is not offered as standard on reputable finance company leases. Before you sign any lease, regardless of circumstances, you should have the document checked by your lawyer. Remember, a Lease is a binding legal document which can only be modified by mutual consent between Lessor and Lessee. Potential Lessees should also be aware that AFG is neither affiliated with nor endorsed by the Equipment Leasing and Finance Association (ELFA) and is not bound by the ELFA Code of Fair Business Practices. Before you sign a lease with any lease/finance company, especially those who solicit by telephone or e-mail, do a thorough background check. The Lease interest rates offered by AFG and others are not the same as the APR offered by your bank. The rates from AFG are Annual Rental Rate (ARR) or Annual Lease Rate (ALR) and though they may be the same or lower percentage as your bank they will result in a much higher payment. For instance, $32,000.00 borrowed from your bank at 6.01% for five years on a conventional loan will cost you $633.64 per month for a total of $37,128. The same amount financed as a lease through AFG at 6.01% ARR will result in a monthly payment of $700.86 for 60 months, totaling $42,051.60 (We requested a written explanation of these rates from Mr. Larry Mesani of AFG several times, with no response). At the end of 60 months you can either terminate the lease and purchase (at fair market value as determined by AFG), return, or rent the equipment at the $700.86 per month figure for a period of one year. If you do nothing at the end of the rental term it will automatically renew each year in perpetuity at the same rate (“Evergreen”). At the end of each term you have the option of returning or purchasing the equipment at FMV. Before you lease with AFG insist on a written explanation of the ARR or ALR and compare to others. If you are looking to lease/purchase a long term asset check with your bank and accountant to find out which works best for you from not only a tax but also an investment standpoint.
Thank-you for the Great Service Alliance. I was initially contacted by Alliance Funding to finance my customers. They promised a lot up front, and I was very impressed with the way they were able to carry out there promises (quick turn around time, competitive rates and great service). If your looking for a company that can back up what they promise you then I highly recommend Alliance Funding. I will definitely refer more deals to Alliance in the future.
WARNING: THIS COMPANY IS A RIP OFF-GO SOMEWHERE ELSE FOR YOUR BUSINESS!!!!. Double rates and poor service-your better off going to a loanshark than this crappy company. Do yourself a favor and try a different company...there are many out there and these jerks are the worst.
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