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AloStar to Provide $20MM Credit Facility to Europa Sports Products

May 12, 2016, 07:51 AM
Filed Under: Nutrional Products
Related: AloStar, Andy McGhee

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, Charlotte-based Europa Sports Products and Lone Star Distribution from Dallas. The new company will represents hundreds of top-selling sports nutrition products from across the world and specializes in distribution to retailers, gyms, e-commerce outlets and more.

“Sports nutrition is a booming business,” said Andy McGhee, president and CEO of AloStar. “We are always looking to diversify and strengthen our loan portfolio, and Europa Sports Products offers a great opportunity for expansion in a growing segment.”
AloStar offers needed capital and counsel to business leaders across America who are creating their own success stories. AloStar’s lending arm, AloStar Capital Finance, creates unique lending solutions for every one of our business customers, diving deep and learning about their companies to create tailored solutions that help them reach their goals. AloStar provides capital solutions through AloStar Business Credit, AloStar Lender Finance and AloStar Real Estate Finance. AloStar Capital Finance is a trade name of AloStar Bank of Commerce, Member FDIC.

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