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News Stories (32 Results) - Andy McGhee

AloStar provided a $15 million committed credit facility to a comprehensive commercial refrigeration and HVAC solutions provider servicing the food industry.The company provides a range of specialized installation, preventative maintenance repair and... Read Story
December 05, 2017, 07:17 AM


State Bank Financial Corporation, the holding company for State Bank and Trust Company, announced that it has completed its previously announced merger with AloStar Bank of Commerce, for $197.6 million in cash.  The merger was completed on September... Read Story
October 02, 2017, 08:01 AM


State Bank Financial Corporation, the holding company for State Bank and Trust Company, and AloStar Bank of Commerce announced the signing of a definitive agreement for State Bank to acquire AloStar in an all cash transaction with a purchase price of... Read Story
June 16, 2017, 07:21 AM


Fora Financial, a provider of flexible working capital solutions to small businesses, announced the closing of a $52.5 million senior revolving credit facility. A group of four financial institutions will participate in the new facility, with AloStar... Read Story
May 20, 2016, 07:55 AM


AloStar provided a $6.5 million loan to Hercules Funding, LLC, an investment firm based in Palo Alto, CA. Hercules Funding, LLC provides venture funding to a variety of firms including technology and life sciences companies. “Hercules is a great... Read Story
May 17, 2016, 07:45 AM


AloStar provided a $20 million commitment to Europa Sports Products, a sports nutrition distributor based in Charlotte, N.C. The company was recently formed out of the merger between two separate sports nutrition distribution companies... Read Story
May 12, 2016, 07:51 AM


AloStar provided a $10 million commitment to CapFlow Funding Group Managers LLC (“CapFlow”), a commercial finance company based in Rutherford, N.J. CapFlow specializes in factoring, purchase order funding, refactoring and small, cash flow-based loans... Read Story
February 16, 2016, 08:02 AM


AloStar provided a $14 million loan to Aerospace Manufacturing Group (“AMG”), an aerospace and defense focused enterprise based in Huntington Beach, Calif.  AMG is a holding company of manufacturers specializing in the production and assembly of... Read Story
February 11, 2016, 07:55 AM


AloStar provided $10.7 million in capital to a new client through its lender finance unit, AloStar Lender Finance. AloStar continues to support this vertical, which has committed more than $500 million to its partners to date. “AloStar Lender Finance... Read Story
February 09, 2016, 07:33 AM


AloStar funded five loans totaling $53.8 million in five business days. AloStar Business Credit provided capital to a silicon wafer materials and services provider and ASC Leasing VIII, Inc. The RADCO Companies, Sunset & Woodland Properties, and... Read Story
December 14, 2015, 08:09 AM


AloStar provided a $15 million commitment to Stonemark Holdings, Inc. of Frisco, Texas.Founded in 1983, Stonemark Holdings, Inc. provides insurance premium financing for companies operating in 16 different states. AloStar’s commitment was funded... Read Story
November 25, 2015, 07:56 AM


AloStar committed more than $25 million to Atlanta Investment Properties Group (Atlanta, GA) and Campus Crest (Charlotte, NC) through its newly launched platform, AloStar Real Estate Finance. Atlanta Investment Properties Group received a real estate... Read Story
November 17, 2015, 08:01 AM


AloStar announced the addition of Nick McDearis and Wes Scott to its Atlanta office. McDearis joins AloStar as a business development officer with coverage responsibilities in the Southeast. He brings seven years of experience in both business... Read Story
November 05, 2015, 07:39 AM


AloStar delivered more than $200 million in capital to its 16 new clients during June, July and August. This diversified set of new clients was supported through AloStar Business Credit, AloStar Lender Finance and the recently launched platform... Read Story
October 02, 2015, 07:56 AM


AloStar Business Credit provided more than $73 million in financing to seven companies in the first four months of 2015. The businesses were located across the country and represent a cross section of industries.“These credit lines will advance... Read Story
September 15, 2015, 07:27 AM


AloStar announced it has added four people to its team to support growth in its loan portfolio and the addition of a real estate finance product.  Dan Rogers, Megan Enlow and Jared Schlosser join the underwriting team while Maryann Taylor joins as a... Read Story
June 04, 2015, 07:50 AM


AloStar has announced the expansion of its product offering with the launch of AloStar Real Estate Finance.  David Hudson has been named Managing Director and will head the newest platform in the AloStar suite of products.AloStar’s real estate... Read Story
May 28, 2015, 07:54 AM


AloStar Bank of Commerce Chairman and CEO Michael J. Gillfillan has announced his retirement effective April 15, 2015. The board of directors of AloStar Bank of Commerce has announced the appointment of Andrew S. "Andy" McGhee as CEO. McGhee will... Read Story
March 11, 2015, 07:54 AM


AloStar Business Credit announced that it has provided a $20 million line of credit to Lenders Funding, LLC (the Company) a private funding source for factors and asset-based lenders with offices in California, Virginia and New Jersey. Established in... Read Story
June 27, 2014, 07:42 AM


AloStar Business Credit announced that Jason Carmona has been named Director of Originations.  Previously, Carmona spent nine years with First Capital where he was awarded membership in the Chairman’s Club as one of the top business development... Read Story
June 18, 2014, 07:13 AM


AloStar Business Credit announced that David Phillips has been promoted to Managing Director, Head of Originations. Phillips has been with AloStar since May 2011 and was an integral part of establishing the company which three years since inception... Read Story
June 17, 2014, 07:58 AM


AloStar Business Credit has provided a $15 million term loan facility to fund the growth of Atlanticus Holding Corporation’s subsidiaries, Fortiva Financial and YBUY, Inc.  Atlanticus, through its subsidiaries, provides financial services primarily... Read Story
June 04, 2014, 07:43 AM


AloStar Business Credit has provided a $15 million senior secured revolver and a $2 million equipment term loan to Southwest Oilfield Products (“Southwest”), a manufacturer of mud pump solutions and premium well servicing equipment. The company’s... Read Story
April 16, 2014, 07:41 AM


AloStar Business Credit has provided a $20 million senior secured revolver to Diamonds Direct USA, Inc., an operator of five retail diamond stores in the United States. The stores operate in Charlotte and Raleigh, NC; Richmond, VA; Austin, TX; and... Read Story
February 05, 2014, 07:34 AM


AloStar Business Credit has provided a senior secured credit facility to Yellowstone Landscape Group, Inc., a full-service commercial landscaping firm servicing the south and southeast regions of the U.S. The senior secured credit facility consists... Read Story
September 25, 2013, 07:41 AM


AloStar Business Credit has provided a $6.5 million senior secured credit facility to Armstrong Tool, Inc., a provider of oil and gas field equipment for the oil and gas production industry. The secured credit facility includes a $4 million term loan... Read Story
September 04, 2013, 08:04 AM


AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director.  Graham will spearhead a team of AloStar professionals – John David Gettmann... Read Story
July 18, 2013, 08:06 AM


Lakeland Industries, Inc., a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and first responders on the federal, state and local levels, announced the completion of financing transactions that... Read Story
July 02, 2013, 08:06 AM


AloStar Business Credit has provided a $12 million secured revolving credit facility to Sycamore Networks Solutions, a provider of intelligent optical networking and multiservice access solutions. The secured revolving credit facility provides the... Read Story
June 07, 2013, 07:46 AM


AloStar Business Credit the asset based lending division of AloStar Bank of Commerce is pleased to announce it has recently exceeded $300 million in new loan commitments over the past twelve months. AloStar Business Credit has partnered with... Read Story
April 30, 2013, 07:10 AM


AloStar Business Credit has provided a $15 million senior secured revolving credit facility to Advanced Environmental Recycling Technologies (AERT), a recycler of polyethylene plastic and manufacturer of composite building materials. The secured... Read Story
March 04, 2013, 07:49 AM


AloStar Business Credit  announced the hiring of a new managing director and two new directors. Stacey Alatis will lead the Ohio office focusing on the mid-west while Steve Davey of San Francisco will lead the newly established San Francisco office.... Read Story
November 16, 2012, 07:22 AM