Joe was needed to cover some unprecedented expenses for his agricultural business. The problem was that his expenses hit during his off-season. This meant he didn’t have a stable cash flow to cover them at that time. Joe needed working capital to prepare for his busy season. Joe got in touch with ALC Commercial to help.
The team at ALC Commercial specialist checked out Joe’s unique application and came up with a list of short term business loans to suit Joe’s needs. Joe was able to qualify for his short term loan, and accesses the much needed funds within 72 hours of applying.
ALC Commercial offers tailor-made short term business loan products.
We assess our clients’ unique financial situations and pinpoint the perfect loan product to suit their business’s requirements. With Joe’s case, we understood the agricultural industry was likely to fluctuate depending on the season.
Joe had trouble securing financing through local banks – as they saw him as a risk not an opportunity. As a non-bank lender, ALC Commercial find loan products that to Joe’s benefit regardless of his credit, past defaults, and current (temporary) cash flow issues. Joe applied for a $25,000 short term business loan. He got a competitive interest rate, flexible payment terms and a payment he could afford. Joe’s cash revenue was larger than he expected for the on-season, he was able to repay his loan faster than anticipated.