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. Blake Otte will join the team in New York.

“The latest addition of these members to the AloStar team demonstrates our commitment to building a national footprint for AloStar,” said Andy McGhee, president of AloStar Business Credit. “We are excited about the wealth of knowledge and experience that Stacey, Steve, and Blake are bringing to the business and are pleased to say that we now have lending officers covering the majority of the business centers in the U.S.”

Alatis brings more than 30 years of extensive asset-based lending, operating and commercial lending experience to the AloStar team. In his new role as managing director, he will be responsible for business development in the Midwestern U.S., primarily Ohio, Eastern Michigan and Western Pennsylvania.

Prior to joining AloStar, Alatis was managing director of the Cleveland office of Regions Business Capital, the leveraged finance division of the Birmingham, AL – based Regions Financial. Additionally, he previously served as director of business development at Wachovia (Wells Fargo) Capital Finance and held senior-level positions at HSBC Business Credit, GE Capital Commercial Finance, Bank One and Bayerische Vereinsbank AG.

Alatis also has gained direct operating and turn-around experience serving as president and CEO of a high precision manufacturing company and is currently a member of Association for Corporate Growth, Commercial Finance Association and Turnaround Management Association. Throughout his career, he has handled transactions ranging from $5 million to $150 million.

Steve Davey comes to AloStar as a director with a wealth of experience and relationships on the West Coast. Most recently, he was vice president of PNC Business Credit in San Francisco. Davey also served as an underwriting analyst at HCC Capital Partners where he managed financial underwriting of debt and equity investments ranging from $10 million to $100 million.

He has also held analyst positions with ATEI Capital Group, Bay View Capital and Thomas Wiesel Partners Merchant Bank. Davey currently resides in San Francisco and will lead operations at AloStar’s new Bay Area office.

Blake Otte, also joining as a director, has more than 15 years of experience in the financial services and investment management industry. She joins the AloStar team in the New York office. Prior to joining the team, she was managing director of Business Development and National Market Strategy for Salus Capital Partners where she was responsible for the development of relationships with strategic partners in lending, investment banking, private equity and turnaround communities.

Additionally, Otte was previously the vice president of Business Development at FGI Finance and held senior-level positions at Brown & Brown, PGI and Morgan Stanley. She is an active member of several professional organizations including ACG, TMA and the CFA, in which she serves as a member of the planning committee of the New York Chapter