AloStar provided a $10 million commitment to CapFlow Funding Group Managers LLC (“CapFlow”), a commercial finance company based in Rutherford, N.J. CapFlow specializes in factoring, purchase order funding, refactoring and small, cash flow-based loans...
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February 16, 2016, 08:02 AM
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AloStar provided a $14 million loan to Aerospace Manufacturing Group (“AMG”), an aerospace and defense focused enterprise based in Huntington Beach, Calif. AMG is a holding company of manufacturers specializing in the production and assembly of...
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February 11, 2016, 07:55 AM
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AloStar provided $10.7 million in capital to a new client through its lender finance unit, AloStar Lender Finance. AloStar continues to support this vertical, which has committed more than $500 million to its partners to date. “AloStar Lender Finance...
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February 09, 2016, 07:33 AM
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AloStar funded five loans totaling $53.8 million in five business days. AloStar Business Credit provided capital to a silicon wafer materials and services provider and ASC Leasing VIII, Inc. The RADCO Companies, Sunset & Woodland Properties, and...
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December 14, 2015, 08:09 AM
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AloStar announced the addition of Nick McDearis and Wes Scott to its Atlanta office. McDearis joins AloStar as a business development officer with coverage responsibilities in the Southeast. He brings seven years of experience in both business...
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November 05, 2015, 07:39 AM
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AloStar delivered more than $200 million in capital to its 16 new clients during June, July and August. This diversified set of new clients was supported through AloStar Business Credit, AloStar Lender Finance and the recently launched platform...
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October 02, 2015, 07:56 AM
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AloStar Business Credit provided more than $73 million in financing to seven companies in the first four months of 2015. The businesses were located across the country and represent a cross section of industries.“These credit lines will advance...
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September 15, 2015, 07:27 AM
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AloStar has announced the expansion of its product offering with the launch of AloStar Real Estate Finance. David Hudson has been named Managing Director and will head the newest platform in the AloStar suite of products.AloStar’s real estate...
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May 28, 2015, 07:54 AM
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AloStar Bank of Commerce Chairman and CEO Michael J. Gillfillan has announced his retirement effective April 15, 2015. The board of directors of AloStar Bank of Commerce has announced the appointment of Andrew S. "Andy" McGhee as CEO. McGhee will...
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March 11, 2015, 07:54 AM
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AloStar Business Credit announced that it has provided a $20 million line of credit to Lenders Funding, LLC (the Company) a private funding source for factors and asset-based lenders with offices in California, Virginia and New Jersey. Established in...
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June 27, 2014, 07:42 AM
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AloStar Business Credit announced that Jason Carmona has been named Director of Originations. Previously, Carmona spent nine years with First Capital where he was awarded membership in the Chairman’s Club as one of the top business development...
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June 18, 2014, 07:13 AM
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AloStar Business Credit announced that David Phillips has been promoted to Managing Director, Head of Originations. Phillips has been with AloStar since May 2011 and was an integral part of establishing the company which three years since inception...
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June 17, 2014, 07:58 AM
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AloStar Business Credit has provided $14.5 million in financing for Patriot Environmental Services, Inc. The financing for Patriot Environmental Services, Inc. includes a $6 million revolving line of credit and an $8.5 million term loan with...
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June 11, 2014, 07:58 AM
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AloStar Business Credit has provided a $15 million term loan facility to fund the growth of Atlanticus Holding Corporation’s subsidiaries, Fortiva Financial and YBUY, Inc. Atlanticus, through its subsidiaries, provides financial services primarily...
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June 04, 2014, 07:43 AM
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White Oak Global Advisors, LLC announced that Allan Marzen has joined the firm as Managing Director of Originations. Marzen is responsible for originating and underwriting new investment opportunities for White Oak’s private debt funds throughout the...
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May 01, 2014, 07:29 AM
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AloStar Business Credit has provided a $15 million senior secured revolver and a $2 million equipment term loan to Southwest Oilfield Products (“Southwest”), a manufacturer of mud pump solutions and premium well servicing equipment. The company’s...
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April 16, 2014, 07:41 AM
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AloStar Business Credit has provided a $20 million senior secured revolver to Diamonds Direct USA, Inc., an operator of five retail diamond stores in the United States. The stores operate in Charlotte and Raleigh, NC; Richmond, VA; Austin, TX; and...
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February 05, 2014, 07:34 AM
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AloStar Business Credit won Debt Financing Deal of the year for the financing of Cotton Holdings at the 2013 M&A Advisor Awards held Tuesday, December 17th at the New York Athletic Club, New York, NY. The event was hosted by New York Financial Press...
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January 03, 2014, 08:02 AM
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AloStar Business Credit has provided a senior secured credit facility to Yellowstone Landscape Group, Inc., a full-service commercial landscaping firm servicing the south and southeast regions of the U.S. The senior secured credit facility consists...
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September 25, 2013, 07:41 AM
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AloStar Business Credit has provided a $6.5 million senior secured credit facility to Armstrong Tool, Inc., a provider of oil and gas field equipment for the oil and gas production industry. The secured credit facility includes a $4 million term loan...
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September 04, 2013, 08:04 AM
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AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director. Graham will spearhead a team of AloStar professionals – John David Gettmann...
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July 18, 2013, 08:06 AM
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Lakeland Industries, Inc., a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and first responders on the federal, state and local levels, announced the completion of financing transactions that...
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July 02, 2013, 08:06 AM
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Gladstone Investment Corporation increased its borrowing capacity in its line of credit by $35 million to $105 million in aggregate with the addition of two new lenders. Through Gladstone Investment's wholly-owned subsidiary, Gladstone Business...
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June 18, 2013, 08:15 AM
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AloStar Business Credit has provided a $12 million secured revolving credit facility to Sycamore Networks Solutions, a provider of intelligent optical networking and multiservice access solutions. The secured revolving credit facility provides the...
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June 07, 2013, 07:46 AM
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Capital Access Network, Inc. (CAN) has added $165 million to its line of credit from a syndicate of premier financial institutions, now including Capital One, Amalgamated Bank, Regions Bank, Capital Source and AloStar. These banks join Wells Fargo...
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May 22, 2013, 08:04 AM
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AloStar Business Credit the asset based lending division of AloStar Bank of Commerce is pleased to announce it has recently exceeded $300 million in new loan commitments over the past twelve months.
AloStar Business Credit has partnered with...
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April 30, 2013, 07:10 AM
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Medley Capital Corporation amended its senior secured revolving and term loan credit facilities to increase the credit facility’s accordion feature from $300 million to $400 million of total commitments. In addition, the company closed an additional...
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April 02, 2013, 07:46 AM
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AloStar Business Credit has provided a $15 million senior secured revolving credit facility to Advanced Environmental Recycling Technologies (AERT), a recycler of polyethylene plastic and manufacturer of composite building materials. The secured...
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March 04, 2013, 07:49 AM
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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....
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November 16, 2012, 07:22 AM
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