By Joyce Dimaculangan
AloStar Business Credit, the asset-based lending arm of Birmingham-based AloStar Bank of Commerce, announced that Jason Carmona has joined the company as Director of Originations. Prior to AloStar, Mr. Carmona served First Capital for nine years, most recently as Senior Vice President, Business Development Officer. At First Capital, he was awarded membership in the Chairman’s Club as one of the top business development officers.
Since 1998, Mr. Carmona has focused his career in loan portfolio management and underwriting to advise small- and-middle market clients and prospects on debt financing. He has worked with a broad range of industries such as consumer product manufacturers and distributors.
“Jason’s experience in the small- to middle-market along with his work in a broad range of industries particularly consumer product manufacturers and distributors fits AloStar perfectly,” commented Andy McGhee, President, Business Credit. He added that, “Jason is one of the most successful BDO’s in the California market and we are absolutely thrilled to have him join our team.”
Currently, Mr. Carmona serves on the executive board of directors of the Southern California Turnaround Management Association and is active in the Association of Corporate Growth as well as the Commercial Finance Association.
About AloStar Business Credit
Established in 2011, AloStar Business Credit was created to serve the financial needs of individuals, middle-level business customers, and the community financial institutions. It provides asset-based lending products nationwide to businesses ranging between $20 million and $300 million in revenue and with financing needs ranging between $5 million and $40 million. AloStar Business Credit is the asset-based lending arm of AloStar Bank of Commerce. Additional information can be found at www.businesscredit.alostarbank.com.