Supplemental Line of Credit
The Supplemental Line of Credit allows Capital Members of Alloya to increase their existing Advised Line of Credit for a nominal annual credit review fee. It is a flexible solution, enabling members to position their liquidity to meet seasonal cycles and fluctuating business demands throughout the year.
In most cases, no additional collateral needs to be pledged. However, special circumstances may require collateral to be pledged to secure the additional line. The Supplemental Line of Credit can be accessed once the primary line is at full capacity, for either settlement or term loans less than one year in duration. Members seeking to supplement their line pay an annual credit review fee of 0.05% (renews annually). Compare this to the 1% origination fee and the 0.25%-1% unused fee that banks typically charge. Members can increase their line to suit their needs (within legal lending limits and subject to credit approval).