American Lending Center (“ALC”, formerly “US Employment Development Lending Center”), headquartered in Long Beach, CA, was registered as a private non-bank lender in California in June 2009. In April 2010, the United States Citizenship and Immigration Services (USCIS) designated ALC as an EB-5 regional center. In November 2010, ALC obtained a California Finance Lenders License and started its commercial lending business.
ALC’s nationwide EB-5 projects exclusively use a senior loan structure to protect EB-5 capital. By originating customized senior loans with third party construction fund control and on-site management, ALC’s unique approach minimizes the risk in both capital operation and corresponding immigration adjudication. Having been perfected over the past decade, this remarkable approach has thus achieved a 100% completion rate across all ALC projects. Furthermore, all ALC clients who have received permanent green cards have also received full returns of their original investments.
As of October 2019, ALC has expanded to include 12 regional centers covering 19 states and Washington, D.C. The ALC regional centers have successfully sponsored and fully funded a total of 85 EB-5 projects exclusively through secured senior loans, contributed to a combined construction budget of over one billion dollars, and successfully created more than 10,000 full time jobs nationwide. In October 2017, ALC CEO John Shen received the Coleman Report’s “SBA 504 Lender of the Year Award.”
ALC is a member of both the American Bankers Association (ABA) and Invest in the USA (IIUSA).