Daily News: April 30, 2013

AloStar Business Credit Exceeds $300MM in New Loan Commitments

AloStar Business Credit, the asset-based lending division of AloStar Bank of Commerce, announced it recently exceeded $300 million in new loan commitments over the past twelve months.

AloStar Business Credit partnered with companies ranging from ethanol producers to precision manufacturers, lender finance companies to specialty sports equipment manufacturers, transportation experts to bandwidth management solution providers.

“We are intelligently optimistic: we make smart deals to smart companies, and we are providing needed capital to companies with credit needs between $5 million and $20 million,” said Andy McGhee, president of AloStar Business Credit.