Daily News: June 15, 2016

AloStar Commits $10MM to Receivables Purchasing Firm


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 the U.S.