Allegiant Partners Incorporated Completes $13 Million Line

Thursday, July 8, 2010

San Rafael, CA

Allegiant Partners Incorporated announced a completed $13 million funding facility with Harris N.A. a part of BMO Financial Group (NYSE:  BMO; TSX: BMO). The facility can be expanded to up to $20 million.

“The last couple of years have been extremely challenging in the small ticket business,” commented Chris Enbom, CEO of Allegiant Partners. “Allegiant has weathered the storm and has a very strong balance sheet. We are pleased to have re-financed our existing $10 million with a larger line. Many of our competitors have exited the equipment finance market and as the smoke clears there are fewer players and more opportunities. We thank Bob Bomben and his great team at Harris Bank for their hard work and deep understanding of specialty finance businesses.”

San Rafael, CA-based Allegiant Partners (www.Allegiant-Partners.com) is an employee-owned commercial funding source started in 1998 that specializes in equipment finance for small businesses. Allegiant focuses on bank policy exceptions, hard asset transactions, story credits and well capitalized small business start-up financings. Allegiant Partners owns First Star Capital (www.FirstStarCapital.com), a direct source for commercial equipment financing and working capital. Allegiant also purchases small, structured portfolios through its affiliate Dunhill Leasing, LLC.

Ben Carlile - Allegiant Partners
P: (415) 451-4042
bcarlile@allegiant-partners.com

Chris Enbom - Allegiant Partners
P: 415-451-4041
cenbom@allegiant-partners.com

Paul Foster - Allegiant Partners
P: 415-451-4046
pfoster@allegiant-partners.com

900 4th Street, Suite 200
San Rafael, CA 94901
www.Allegiant-Partners.com