Daily News: January 8, 2013

AloStar Provides $7.1MM to Southeastern Aluminum


AloStar Business Credit said it has provided a $5 million revolving credit facility to Southeastern Aluminum Products (SEAP), a manufacturer of bath enclosures and shower doors. In addition to the revolving credit facility, AloStar has also provided a $2.1 million real estate term loan.

“The U.S. bathroom accessory industry is a $1.7 billion industry in which approximately 600 businesses are active,” said Andy McGhee, president of AloStar Business Credit. “As this industry continues to grow, Southeastern Aluminum Products is in a great position to increase its business both domestically and internationally and we look forward to helping them do so.”

Jacksonville, FL-based SEAP is a manufacturer of bath enclosures and shower doors for the residential and commercial building industry, servicing the U.S., Canada, Central and South America, the Caribbean and the Middle East.