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 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 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 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 Business Credit provided a $15 million term loan facility to fund the growth of Fortiva Financial and YBUY, subsidiaries of Atlanticus Holding.
AloStar Business Credit announced it provided a $15 million senior secured revolver and a $2 million equipment term loan to Southwest Oilfield Products.
AloStar Business Credit provided a $20 million revolver to Diamonds Direct USA, an operator of five retail diamond stores in the United States.
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.