Alterna Capital Solutions Adds $30 Million
Wells Fargo Capital Finance credit line positions new firm to bring custom, growth capital solutions to small businesses across the U.S.
WINTER PARK, Fla., September 18, 2018 (Newswire.com) - Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, today announced a $30 million asset-based credit facility with Wells Fargo Capital Finance, a division of Wells Fargo & Company. The line will be used to expand Alterna Capital Solutions services to the nation’s growing number of small-business owners who require a financing partner skilled at complementing a business’s established bank relationship.
“Our commitment to provide our clients with custom finance solutions and long-term support is strengthened because of our relationship with the Wells Fargo Capital Finance’s Lender Finance team and the Wells Fargo Ft. Lauderdale, FL, Commercial Banking team. Both teams have been a pleasure to work with every step of the way,” said Stan Carpenter, founder and President of Alterna Capital Solutions. “This line gives us great momentum in pursuing our mission to help small-business owners access working capital to fund growth and achieve their dreams.”
“Wells Fargo is pleased to work with the well-experienced team at Alterna Capital Solutions as they grow and expand their product offering,” said Cyndi Giles, Head of Wells Fargo Capital Finance’s Lender Finance division. “Our goal is to provide them with financial flexibility and industry knowledge to support their long-term strategy.”
This line gives us great momentum in pursuing our mission to help small-business owners access working capital to fund growth and achieve their dreams.
About Alterna Capital Solutions
We are committed to elevating success into greatness through innovative and comprehensive small-business financing solutions delivered with a personal touch. Our leadership team brings 65 collective years of alternative lending and specialty financing experience to bank partner and small-business client relationships across the country. Founded in 2018 and headquartered in Winter Park, FL, Alterna Capital Solutions has nearly $100 million in available capital. Details available at AlternaCS.com.
About Wells Fargo
Wells Fargo & Company is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Stan Carpenter, President
Source: Alterna Capital Solutions
Tags: Alterna Capital Solutions, alternative lending, asset-based lending, cash flow management, credit facility, financing partner, growth capital, invoice financing, small business, term notes, Wells Fargo Capital Finance