Daily News: May 19, 2017

AloStar Commits $20MM to Atlanticus Funding IV


AloStar recently provided a $20 million revolving commitment to Atlanticus Funding IV, a subsidiary of Atlanticus Holdings, an Atlanta-based holding company that invests in companies in the financial services sector.

“AloStar consistently meets the needs of Atlanticus Funding IV with the right level of expertise, customer service and offerings,” said Bill McCamey, CFO of Atlanticus Holdings. “They are a great partner and we trust them to provide us with a creative and thoughtful solution to meet our funding and growth needs.”

Atlanticus Holdings, through its subsidiaries, specializes in “second look financing” and provides technology and other support services to lenders who offer an array of financial products and services to consumers. Financial services offered by Atlanticus Holdings include retail finance, auto finance, credit cards and direct-to-consumer installment loans.

“We’re excited to partner with Atlanticus again and greatly appreciate the confidence they exhibited in AloStar,” said Andy McGhee, president and CEO of AloStar. “As always, it’s a pleasure to work with them. We look forward to seeing them build on their success.”

AloStar Capital Finance offers capital and counsel to businesses through its business credit, lender finance and real estate finance platforms, serving customers with capital requirements up to $60 million. AloStar Capital Finance is a trade name of AloStar Bank of Commerce.