AloStar funded an $8 million revolving credit facility to Fouts Bros., a manufacturer of van bodies and municipal fire trucks. Fouts Brothers was founded in 1952 and is based in Smyrna, GA.
“We actively seek lending partners with a long history of high-quality service,” said David Phillips, managing director of AloStar Capital Finance. “Fouts Bros. is a great company with a strong reputation in their industry, and we’re happy to partner with them.”
AloStar offers needed capital and counsel to business leaders across America who are creating their own success stories. Businesses, community banks and individuals come to AloStar for correspondent services, retail banking, and capital requirements between $5 million and $20 million.
AloStar Capital Finance creates customized lending solutions through its Business Credit, Lender Finance and Real Estate Finance platforms.