Daily News: June 17, 2014

Phillips to Lead AloStar Business Credit Origination Team

AloStar Business Credit announced that David Phillips has been promoted to managing director, head of Originations. Phillips has been with AloStar since May 2011 and was an integral part of establishing the company which three years since inception has generated over $1 billion in financing commitments.

Phillips is an industry veteran with over twenty five years of experience in asset-based lending. Phillips’ experience comes by way of his work with CIT Group, Wells Fargo Capital Finance and Regions Business Capital.

“David has the experience, the relationships and a strategic focus to take our team to the next level,” said Andy McGhee, president, AloStar Business Credit, “we are excited and energized about the possibilities as we move into the future with David as our leader.”