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AloStar Provides $15MM to Stonemark Holdings

November 25, 2015, 07:56 AM
Filed Under: Lender Finance

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 through AloStar Lender Finance, a platform developed in 2013 to provide asset-based lending to specialty finance companies.

“AloStar finds solutions for companies operating in a range of different industries, and our lender finance platform proved to be the best option for Stonemark Holdings, Inc.,” said Andy McGhee, president and CEO of AloStar. “We look forward to working with Stonemark to continue developing funding opportunities that meet their needs.”

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