Daily News: June 4, 2013

Allegiant Increases Facility With BMO Harris

Allegiant Partners announced an increased $30 million funding facility with Harris, a part of BMO Financial. The facility can be expanded to up to $35 million. Umpqua Bank is a participant in the facility.

“BMO Harris has once again done an outstanding job in helping Allegiant continue its strong growth,” stated Chris Enbom, CEO of Allegiant Partners. “We began with a $13 million line during the recession and BMO Harris continues to understand the financing needs of a commercial finance company like Allegiant. Umpqua came into the relationship about one year ago and has also been a great partner.”

Allegiant Partners provides both direct and indirect equipment financing to small businesses across the United States.