- KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
- Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
- Appraisers See a Mixed Picture for Valuations
- SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
- Bob Seidenberger Joins Franklin Capital as VP of Sales
AloStar Capital Finance Provides $30 Million Credit Facility to BlackRiver Business Capital
August 1, 2019
AloStar Capital Finance successfully agented and closed a $30 million credit facility to BlackRiver Business Capital (doing business as ACG Equipment Finance), an equipment finance company focused on the small-to-mid-ticket market from $10,000-$250,000.
“Our company is rapidly growing as we expand our platform and customer base. This committed credit facility from AloStar will propel our company to the next level by expanding our reach,” said Rob Childers, CEO of BlackRiver Business Capital. “With AloStar’s support, we look forward to continuing to provide quick turnaround times, competitive pricing and flexible finance programs to a greater number of equipment sellers and buyers.”
BlackRiver Business Capital provides creative equipment finance solutions to help businesses obtain the equipment they need, and to help equipment sellers increase their sales. Founded in 2015, the firm merged with an equipment finance origination company in April 2018. The combined company has financed more than $500 million in commercial equipment across a diverse group of industries.
“Our team of experts collaborated with BlackRiver’s leaders to understand the firm’s needs and goals, and offered the necessary liquidity for the company to manage its growth,” said Andy McGhee, president of AloStar Capital Finance. “BlackRiver is committed to providing best-in-class service to both its equipment seller and business owner customers, and we’re pleased to provide the resources needed to serve a larger audience.”
To learn more about AloStar Capital Finance, visit www.alostarbank.com.
About AloStar Capital Finance
AloStar Capital Finance provides capital and counsel to business leaders across America who are creating their own success stories. Through our Asset-Based and Lender Finance platforms, we create customized lending solutions for customers with capital requirements up to $70 million. To date, AloStar has closed more than 200 deals with commitments totaling more than $2.4 billion. At AloStar, you’ll have direct access to decision makers with deep capital industry experience who are responsive, flexible and eager to help you write your success story.
AloStar Capital Finance is a division of Cadence Bank, N.A. Member FDIC. Equal Opportunity Employer. For more information, visit www.AloStarBank.com.
Contact: Caroline Moore
843-360-9851
cmoore@thewilbertgroup.com
