Alterna Capital Solutions (Alterna) announced the addition of Roger Allen, a veteran of specialty and alternative financing in the SME market. Alterna Founder and President, Stan Carpenter, welcomes Allen as chief operating officer as they reunite following assignments together successfully building and growing trusted long-term relationships with bank partners and small-business owners. Allen joining the firm caps recent Alterna credit facility increases, including Alterna Equity Partners (completion of $15MM equity investment), Texas Capital Bank ($30MM LOC syndication participant) and Wells Fargo Capital Finance ($30MM LOC increase as syndication lead). Alterna’s syndicated credit facility now totals $110 million.
“I’m very pleased to be working with Roger again to meet the extraordinary demand for the kind of flexible financing partnerships we know are critical to a large section of the SME marketplace,” said Carpenter. “We’ve done this before together. We know how to build relationships, customize financing structures for growth capital, and support a rapidly growing and underserved portion of the SME market. I’m honored to have someone of Roger’s caliber and experience join an already high-caliber Alterna team.”
“Alterna has demonstrated tremendous growth during its first three years,” said Allen. “I’m looking forward to working with Stan again, along with the entire Alterna team, and I’m eager to help bring their expertise and proven methods to even more small businesses across the country.”
Roger Allen joins Alterna’s executive team as Chief Operating Officer based in Winter Park, FL. Allen will focus on expanding and leading the underwriting, operations and client management departments, in addition to expanding services to maximize the speed and customization of financing solutions. Before joining Alterna, in 2020 Allen launched a consulting practice, Roger Allen Consulting, leveraging his more than 30 years of experience to assist banks and alternative lenders in developing and implementing process improvements aimed at expanding services, maximizing efficiency and customizing specialty finance and working capital solutions. Prior to consulting, Allen served as chief operating officer at LSQ Funding Group for 17 years of a 21-year tenure, and before that was a portfolio and credit manager for eight years with Bank of America.