Daily News: June 29, 2012

Allegiant Partners Expands Facility With BMO Harris

Allegiant Partners announced an expanded $25 million funding facility with BMO Harris Bank, a part of BMO Financial Group.

“The last few of years have seen strong volume and solid credit quality in the small ticket business,” commented Chris Enbom, CEO of Allegiant Partners.

“Allegiant has continued to produce solid returns for its investors while expanding its capital base and maintaining a very strong balance sheet. We are pleased to have renewed and increased our existing facility with a larger two-year committed line of credit. Allegiant remains committed to the specialty market niche, and we see strong opportunities for growth in support of our clients. We thank BMO Harris Bank – Specialty Finance Group out of Chicago and their great team, and we also welcome Umpqua Bank, the Sacramento CA Office, into the facility. BMO Harris Bank continues to prove its deep understanding of specialty finance businesses by providing excellent service to Allegiant,” Enbom added.

San Rafael, CA-based Allegiant Partners is an employee-owned commercial funding source started in 1998 that specializes in equipment finance for small businesses.