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AloStar Provides $6.5MM Loan to Hercules Funding

May 17, 2016, 07:45 AM
Filed Under: Investment Financing

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 company with a proven record of strong returns,” said Andy McGhee, president and CEO of AloStar. “We look for these kinds of companies that can really benefit from our specialty lending practice and where we can make a big difference.”

AloStar offers needed capital and counsel to business leaders across America who are creating their own success stories. Businesses, community banks and individuals come to AloStar for correspondent services, retail banking and capital requirements between $5 million and $20 million. 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.

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