AloStar Provides $200MM+ for 16 New Clients
AloStar delivered more than $200 million in capital to 16 new clients during June, July and August.
AloStar delivered more than $200 million in capital to 16 new clients during June, July and August.
AloStar Business Credit provided more than $73 million in financing to seven companies during the first four months of 2015.
AloStar added four people to its team to support growth in its loan portfolio and the addition of a real estate finance product.
AloStar expanded its product offering with the launch of AloStar Real Estate Finance. David Hudson was named managing director and will head the newest platform in the AloStar suite of products.
AloStar Business Credit provided a $6 million revolving line of credit and an $8.5 million term loan with mezzanine capital provided by Seacoast Capital.
Lakeland Industries completed two transactions totaling $18.5 million. The $15 million credit facility was provided by AloStar Business Credit, and the remaining $3.5 million was provided by LKL Investments.
AloStar Business Credit said it recently exceeded $300 million in new loan commitments over the past twelve months.
AloStar Business Credit recently closed transactions totaling $30.35 million. Advanced Environmental Recycling Technologies closed a $15 million facility and Principal Manufacturing received $17.35 million in credit facilities.
AloStar Business Credit said it provided a $5 million revolver to Southeastern Aluminum Products in addition to a $2.1 million real estate term loan.