Allegiant Partners announced an increased $30 million funding facility with Harris N.A. a part of BMO Financial Group. The facility can be expanded to up to $35 million. Umpqua Bank is a participant in the facility.
 
"BMO Harris has once again done an outstanding job in helping Allegiant continue its strong growth," stated Chris Enbom, CEO of Allegiant Partners. "We began with a $13 million line during the recession and BMO Harris continues to understand the financing needs of a commercial finance company like Allegiant. Umpqua came into the relationship about one year ago and has also been a great partner."
 
Allegiant Partners provides both direct and indirect equipment financing to small businesses across the United States. Allegiant works with equipment finance brokers to help them succeed, including assistance with CRM, IT and marketing solutions.