Alliance Funding Group (AFG) announced the appointment of Randy Hicks as its new Senior Vice President to lead its middle-market equipment leasing, balance sheet strategy. Hicks has successfully recruited Todd Greenberg (SVP, CRO) to lead the risk management duties of the new strategy.

Hicks has more than 30 years of experience in middle market equipment leasing and finance. Prior to joining AFG, he served as Executive Vice President and Co-Founder of Nations Equipment Finance, dba SLR Equipment Finance and spent 14 years in different leadership positions at GE Capital Corporation.  

Greenberg has more than 14 years of experience in Risk Management. Prior to joining AFG, he served as SVP of Risk at Post Road Equipment Finance and spent over 10 years at Nations Equipment Finance in different risk and analyst positions.

Being active in the middle-market space as a syndicator, we’ve noticed both banks and private credits have pulled back or moved upstream in their transaction minimums, said Brij Patel. Leveraging our balance sheet and with continued commitment by our bank partners, we feel that we can fill the void and provide access to competitive capital for our customers and vendor partners.

“I am very excited to be joining the AFG team where experience matters. As one of the largest independents in the market, AFG is well-positioned to take this next step and I look forward to contributing to the success of this strategy” Hicks said.

Alliance Funding Group (AFG) was founded in 1998, and has funded over $2 billion dollars in equipment loans, leases and working capital to over 25,000 customers. Recently ranked as one of the fastest-growing independent leasing companies in the U.S., AFG possesses the financial resources, industry expertise, and product knowledge to serve the needs of small and medium-sized businesses throughout the United States.