Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, 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.”