Daily News: May 17, 2016

AloStar Provides $6.5MM to Hercules Funding

AloStar provided a $6.5 million loan to Hercules Funding, an investment firm based in Palo Alto, CA.

Hercules Funding provides venture funding to a variety of firms including technology and life sciences companies.

“Hercules is a great company with a proven record of strong returns,” said Andy McGhee, president and CEO of AloStar. “We look for these kinds of companies that can really benefit from our specialty lending practice and where we can make a big difference.”

AloStar provides capital solutions through AloStar Business Credit, AloStar Lender Finance and AloStar Real Estate Finance.