Alterna Capital Solutions Adds $30 Million to LOC, Bringing Total Credit Facility to $110 Million

Line increase with Wells Fargo Commercial Capital follows a strong 2020 for the firm, providing growth capital for 36 new small-business clients representing $112 million in new commitments originated.

Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, today announced a $30-million increase to its asset-based credit facility with Wells Fargo Capital Finance. The line increase brings the firm’s total credit facility to $110 million, positioning Alterna Capital Solutions to meet growing demand in the small-business sector for customized options, with a financing partner capable of long-term guidance and flexible funding complementary to established bank relationships.

“Extreme stress on small-business supply chains since early 2020 and the resulting working capital crunch prove out worst-case scenarios foreseen by our experience and expertise in alternative and specialty financing,” said Stan Carpenter, founder and President of Alterna Capital Solutions. “To say that no one saw this coming is misleading—we have always partnered with small-business owners who are experiencing their own working capital and lending ecosystem events caused by regulatory and covenant forces beyond their control and that of their bankers. Our ability to provide growth capital, combined with strategic financing advice, is supported by our lending relationship with Wells Fargo Commercial Capital’s Lender Finance team and the Wells Fargo Ft. Lauderdale, FL, Commercial Banking team.”

“The team at Alterna Capital Solutions are experts at providing growth capital to business owners to support their return to financial health,” said Stewart Hayes, Managing Director at Wells Fargo Capital Finance. “We look forward to continuing our relationship as their business continues to grow.”

About Alterna Capital Solutions

We are committed to elevating small-business success into greatness through innovative and comprehensive small-business financing solutions delivered with a personal touch. Our leadership team brings 70+ collective years of alternative lending and specialty financing experience to partner and small-business client relationships across the country. Founded in 2018 and headquartered in Winter Park, FL, Alterna Capital Solutions provides financing for up to $15 million in growth capital. Details available at AlternaCS.com.

CONTACT:

Stan Carpenter, President
M: 407-497-4464
Scarpenter@AlternaCS.com