AloStar delivered more than $200 million in capital to its 16 new clients during June, July and August. This diversified set of new clients was supported through AloStar Business Credit, AloStar Lender Finance and the recently launched platform, AloStar Real Estate Finance. AloStar continues to diversify the range of capital solutions it can provide to its client base.

“The summer of 2015 has proven itself to be successful for AloStar, our client base, our referral sources as well as our new clients,” said Andy McGhee, CEO and co-founder of AloStar. “We launched AloStar Real Estate Finance, which will provide an additional solution for our clients and prospective clients going forward."

The following businesses entered into lending agreements with AloStar last summer:

June 2015

• Ullman Oil Company, based in Chagrin Falls, Ohio, received a committed credit facility of $14 million. Ullman Oil wholesales and distributes fuel and lubricants to customers in Ohio and Pennsylvania, including commercial and industrial businesses, gas station dealers and homeowners.
• Gladstone Business Loans, based in McLean, Va., received a commitment of $10 million as part of a larger credit facility. Gladstone Business Loans acts as a lending vehicle for small- and middle-market companies.
• North American Communications, Inc., based in Duncansville, Pa., received a committed credit facility of $9,039,000. The company is one of the largest national direct mail manufacturers in the United States.
• AloStar provided a $15million commitment as part of a larger credit facility to an operator of ethanol-producing plants with the capacity to produce more than one billion gallons of ethanol per year.
• CCA Floors and Interiors, based in Alexandria, Va., received a committed credit facility of $7 million. CCA specializes in the sale of flooring products for both commercial and residential buildings.
• AloStar provided a commitment of $15 million as part of a larger credit facility to a company that pursues senior debt investments in lower-middle market companies and has offices in New York, Fort Lauderdale, Houston, Los Angeles and Chicago.
• BTM Company, LLC, based in Marysville, Mich., received a committed credit facility. The corporation is a manufacturer of metal-forming and joining equipment and tooling.

July 2015

• Tobacco Superstore, a tobacco retailer headquartered in Forrest City, Ark., received a committed credit facility of $10.5 million. The retailer operates 88 stores in four Southeastern states.
• A business development company with over 1 billion in assets under management, a funding source for privately held middle-market companies, received a committed credit facility of $20 million as part of a larger syndication. The business has offices in New York and San Francisco.
•  AloStar provided a $15 million commitment as part of a larger credit facility to a leading provider of career education and training operating trade schools and vocational training programs throughout the United States.

August 2015

• PHG-AREP III Downtown Atlanta LLC, based in Atlanta, Georgia, received a committed credit facility of $20 million to purchase and renovate a Holiday Inn hotel located in downtown Atlanta. The new AloStar Real Estate Finance provided this facility.
• AloStar committed $30 million to a multi-faceted consumer finance company to support the company’s continuing growth.
• Unitrac Railroad Materials, Inc., based in Knoxville, Tn., is a manufacturer and seller of materials needed for railroad projects. The corporation received a committed credit facility of $10 million.
• AloStar provided a $20 million commitment as part of a larger credit facility to a specialty finance company providing secured loans to venture capital-backed and private equity-backed development stage companies.

AloStar provides solutions for clients, prospective clients and referral sources who have capital requirements that range between $5 million and $20 million. AloStar provides these solutions through AloStar Business Credit, AloStar Lender Finance and AloStar Real Estate Finance.