Stephen’s business was taking off. Already his employee count doubled in just 6 months and her client base almost tripled.
As a small printing firm, Stephen realised that to stay competitive, he needed to expand and fast. The printing industry is highly competitive and without the latest equipment or ability to take on large-scale projects, his company’s future was in jeopardy.
As any business owner would, Stephen went to the bank where her business account was held. He presented them with a sound business plan, his financial statements and his plans for expansion. He wanted to move into a larger facility, purchase the latest equipment and hire more employees to handle the orders all of which he needed funding for. The loan officer felt Stephen’s ideas were too ambitious and since she had a few late payments on previous loans in the past, he has no choice but to reject him.
Stephen felt helpless. He had been approached by several companies to handle their printing needs, but without the space, equipment and staff, he would have to lose contracts. A friend told Stephen about ALC Commercial. Stephen was hesitant at first, especially since he’d been rejected already for his credit history and loan needs. When he contacted an ALC Commercial private funding specialist, he was surprised at how simple the process was. He conducted an over-the-phone interview and faxed his financial documents. His previous late payments weren’t an issue and didn’t impact his loan amount or interest rate. Instead, the financial specialist went to work facilitating a commercial loan that covered Stephen’s expansion. He was surprised when the loan specialist customised the repayment terms and rates around his organisation’s financial needs.
Today Stephen has his large-scale printing facility and takes on orders throughout the country as well as surrounding countries. Any time Stephen needs private funding for his organisation, he turns to ALC Commercial. Currently Stephen is looking to open his own chain of print stores in Australia, and he plans on using ALC Commercial to fund his ventures.
If you’re a business owner who needs to expand, don’t waste your time with the banks. Consider an alternative lender with access to private funding. ALC Commercial’s loans are flexible, convenient and a lot more affordable than you might think. ALC Commercial can facilitate loans that are customised to your organisation. See for yourself the difference bank alternative lending can make by calling 1300 886 996 now.