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Through this partnership, Advantage Funding will utilize the acquisition channels on Biz2Credit's small business lending marketplace, which has delivered more than $1.3 billion in financing to thousands of small and mid-sized companies, to provide finance for commercial vehicles to end users. Advantage Funding will back the loans originated through Biz2Credit.
In addition, Advantage Funding will gain access to a full range of technology and business solutions, including data and risk analytics through Biz2Credit’s patented BizAnalyzer Score, which enables lenders to fund transactions with an increased level of confidence.
“We are always looking for ways to expand the services that we offer to our clients," said Al Damiani, CEO of Advantage. "Through our arrangement with Biz2Credit, we can provide borrowers with easier access to capital than ever before, while mitigating risk and offering competitive pricing.”
The agreement is the first-ever equipment-backed international partnership in the small business marketplace lending industry, and Biz2Credit’s initial foray into this asset-based lending vertical.
“This landmark partnership enables small business owners to secure capital quickly while broadening our network of asset-based loan products and institutional lenders,” said Rohit Arora, CEO of Biz2Credit. “We are excited to expand our footprint in the small business finance industry."
Advantage Funding is a subsidiary of Macquarie Group Limited, a global provider of investment banking and financial services.
Visit advantagefund.com or biz2credit.com for more information.
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Customized inside and out by the Gronkowski family, The Gronk Bus includes such amenities as two flat-screen TVs (43 and 24 inches), ceiling LED lighting depicting a football field, a lighted party wall showing a football scoreboard with the final results of the 2015 Super Bowl, Gronk memorabilia, a bar, restroom, and a dancer pole.
To announce the partnership, Dan Gronkowski said on behalf of the family, “Our goal was always to make The Gronk Bus not only accessible to as many people as possible, but also make that access just a simple app away. With ETS we found the perfect partner, a company with strong Boston roots who not only knows the ground transportation game but a company that has at its fingertips the latest technology our customers need and expect.”
With close to 100 drivers and a fleet of 50 vehicles, ETS International has won numerous industry awards. And according to ETS President Johnny Greene, this relationship is another feather in the company’s cap.
“Next to maybe Tom Brady, there’s no bigger personality on the New England football scene than Rob Gronkowski,” said Greene. “We think allowing people to ‘party like Gronk’ is a tremendous idea and we are excited about the role we will be playing in helping to bring the party to the people.”
ETS International will use its advanced technology and 30 years of limousine experience to not only utilize its base of award-winning drivers, but also implement its state-of-the-art customer service technology into making The Gronk Bus’ reservation process as easy and customer friendly as possible, said Greene.
Rob Gronkowski added, “I enjoy surrounding myself with winning players, and ETS International has shown over the years that they know how to do it right!”
Visit etsintl.net for more information.
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The meeting kicked off with previews of upcoming events, like the city’s basketball-centric trifecta of the March Madness Music Festival, NCAA Final Four, and Fan Fest. Operators were told to prepare themselves for extended hours of operation to accommodate the surge of 70,000 out-of-towners as well as locals all looking for transportation to and from the high-attendance events—though there won’t be staging areas for parking, so all vehicles will have to leave upon completing their drop-offs.
HALCA President Wes Hart of American Corporate Transportation then introduced the association’s board members: Matt Assolin of Nikko’s Worldwide Chauffeured Services, David Dillon of Carey Houston, Ismael Abed of La Bresse Limousine, John Ferrari of AFC Transportation, Kevin Claypool of Atlas Corporate Transportation, Younis Ouazdi, and Moe Boughaba of Houston Corporate Transportation.
Assolin then reported on HALCA’s December holiday party, which saw an attendance of more than 150 members and supporters while raising more than $2,500 for the association, which will be reinvested right back into HALCA and its operating fees.
Representing HALCA’s Website Committee, Ouazdi provided updates about her goals for the association’s website, which include SEO, payment systems for members, a blog, newsletters, recaps of meetings, a Q&A section, and a member database. She is also looking for input and opinions about any other features or options that would best serve HALCA’s membership.
NLA’s upcoming Day on the Hill, scheduled for April 25-27 in Washington, D.C., was also discussed, as were the benefits of the event’s opportunities for face-to-face conversations with legislators. With TNCs’ worker categorization and the industry’s vehicle depreciation concerns still hot-button issues, members are hoping that the legislative days will help make some headway toward resolutions.
The meeting closed with conversations concerning Houston’s TNC operations, especially in regard to ground transportation companies losing business because of them. Members are looking to soften their unified efforts of speaking about TNCs, as negativity casts an unflattering light on the industry, as well as seeking the assistance of the local bus industry to strengthen their numbers.
The next HALCA meeting will be June 21.
Visit houstonlimos.info for more information.
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