American Lending Center saw tremendous growth in the last two quarters of 2012. According to ALC’s record and the 2012 fiscal year annual report (I-924A) filed to USCIS, ALC made a total of $37,000,000 SBA 504 1st loans and started the process of creating a total of 1,646 full time EB-5 jobs in the state of California in the last three quarters of 2012. ALC took another giant step at the beginning of 2013 by restructuring the operation and streamlining its wholesale program already tested late in 2012. According to the most recent 2013 fiscal year data collected by NADCO, (National Association of Development Companies). The 500,000 investment required by foreign investors seeking to receive a Green Card through the EB-5 program must create a minimum of 10 jobs in a targeted employment area. Most loan recipients are in industries traditional lenders are hesitant to invest in due to the human resources required to run the business (such as manufacturing and healthcare). Every borrower must not only be approved by the USCIS but also SBA. ALC creates a marriage between EB-5 and SBA 504 lending. This puts ALC in first lean position of the loan secured by fixed assets. ALC Wholesale Lending handles the loan processing and credit underwriting for all ALC EB-5/SBA-504 transactions. ALC Wholesale Lending consists of a management team with a combined 50+ years of SBA lending and bank credit experience. They are focused on strict credit management to help mitigate credit risk by verifying appropriate collateral coverage and that repayment ability exists from all borrowers. ALC also offers comprehensive immigration services for the EB5 investor included in the processing fee. ALC is one of three regional centers owned by RCH. The other regional centers owned by RCH are Aloha Regional Center in Hawaii and Farm for America located in Washington State. ALC was founded in 2010.
http://usa-rc.com/news/alc-creates-1646-eb5-jobs-in-2012/
Mentions
- American Lending Center Ohio Regional Center
- American Lending Center Hawaii
- U.S. Citizenship and Immigration Services
States
- Ohio
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