AloStar provided a $14 million loan to Aerospace Manufacturing Group (“AMG”), an aerospace and defense focused enterprise based in Huntington Beach, Calif. AMG is a holding company of manufacturers specializing in the production and assembly of complex, high-performance aeronautics components.
“We are always looking for partners with a strong business model who are committed to developing quality products and services,” said Andy McGhee, president and CEO of AloStar. “AMG is certainly one of those companies, and we look forward to serving as their lending partner.”
AloStar Bank of Commerce provides capital solutions through AloStar Business Credit, AloStar Lender Finance and AloStar Real Estate Finance.