Allegiant Books Record Volume in 2004
San Rafael, CA--Allegiant Partners Incorporated, a direct funding source specializing in story credits between $75,000 and $250,000, announces record funding volume for 2004.
"Allegiant Partners funded $17 million in leases and equipment financing agreements for its own account in 2004, up over 25% from our volume levels in 2003. We attribute the higher level of funding to several factors, primarily a concerted effort to provide our brokers with a better understanding of the types of transactions we fund. We've also added several new staff members helping us turn around transactions much more efficiently," stated Doug Houlahan, Director, Sales and Marketing at Allegiant Partners.
Back Row: Ben Carlile, Brent Thorn, Stacy Lynch, Doug Houlahan, Scott Enbom, Paul Foster
"We have really carved a good nationwide niche in funding story credits for brokers and other leasing companies. We have a couple of strong alliances with other funding sources that has allowed us to do larger transactions for clients. For 2005, we are hoping to break the $20 million barrier in new fundings," added Paul Foster, Director, Sales and Marketing.
Allegiant funded a $250,000 sale-leaseback for a start-up fitness center in the southeast. A partnership of 30+ guarantors with excellent credit and strong personal financial statements had invested nearly $2M into the LLC. The managing members had experience running a smaller facility and pre-sold over 2000 memberships.
An experienced hotel owner/operator purchased an under performing national franchise near O'Hare Airport in Chicago, IL. This operator has been successful buying and selling hotels and used the proceeds from a recent project to acquire this property. A proven track record, strong personal financial statement and minimal debt on this project allowed us to approve the FF&E transaction.
Participation on $390,000 in manufacturing equipment After approving the purchase of equipment for a manufacturer of dietary supplements, the lessee was able to take advantage of substantial savings if they increased the order to a larger amount. Since our limit per lessee is $250,000, we were able to bring in another funding source to participate in our lease and provide the total financing requirement .
$200,000 FF&E for a chain of restaurants
A very successful national operator of restaurants that features bowling and entertainment needed financing for a new location in Toronto, Canada. We were able to meet the lessees needs by structuring an EFA against unencumbered FF&E in another domestic location with the proceeds to go to the new store.
For further information regarding Allegiant Partners, please contact: Paul Foster at 415-257-4200 x 206 or Doug Houlahan at 415-257-4200 x 205 Visit www.allegiant-partners.com
Allegiant Partners Inc.