AloStar Expands Atlanta Team

AloStar continues to expand with the addition of Nick McDearis and Wes Scott as business development officer and account manager, respectively to its Atlanta office.

AloStar Client Wins TMA Transaction of the Year Award

AloStar Business Credit announced that its client Cooper-Booth Wholesaling and Affiliates and its investment banker, SSG Capital Advisors received the TMA Large Company Transaction of the Year award.

AloStar Commits $20MM to Lenders Funding

AloStar Business Credit announced it provided a $20 million line of credit to Lenders Funding, a private funding source for factors and ABLs with offices in California, Virginia and New Jersey.

AloStar Names Carmona Director of Originations

AloStar Business Credit announced that Jason Carmona has been named direct of originations. Carmona was previously with First Capital.

Phillips to Lead AloStar Business Credit Origination Team

AloStar Business Credit promoted David Phillips to managing director, head of Originations. Prior to AloStar, Phillips served with CIT, Wells Fargo Capital Finance and Regions Business Capital.

AloStar Provides $15MM Term Loan to Atlanticus Funding

AloStar Business Credit provided a $15 million term loan facility to fund the growth of Fortiva Financial and YBUY, subsidiaries of Atlanticus Holding.

AloStar Provides Southwest Oilfield $17M Revolver/Term Loan

AloStar Business Credit announced it provided a $15 million senior secured revolver and a $2 million equipment term loan to Southwest Oilfield Products.

AloStar Provides Revolver to Diamonds Direct USA

AloStar Business Credit provided a $20 million revolver to Diamonds Direct USA, an operator of five retail diamond stores in the United States.

AloStar Receives M&A Advisor Award

AloStar Business Credit announced it won Debt Financing Deal of the Year for the financing of Cotton Holdings, at the 2013 M&A Advisor Awards.

AloStar Provides Credit Line/Term Loan to Murry’s

AloStar Business Credit announced it provided a senior secured credit line and term loan to Murry’s. Terms of the senior secured credit line and term loan were not disclosed.