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AloStar Lender Finance Commits $10MM to Receivables Purchasing Firm

June 15, 2016, 07:56 AM
Filed Under: Lender Finance

AloStar committed $10 million to a professional receivables purchasing and management firm. The loan was funded through AloStar’s lender finance platform.

“We’re happy to add another well-managed and forward-looking company to our portfolio,” said Andy McGhee, president and CEO of AloStar.

AloStar offers correspondent services, retail banking, and capital requirements between $5 million and $20 million to businesses and individuals across America who are creating their own success stories. AloStar is a trade name of AloStar Bank of Commerce, Member FDIC.

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