Allied Capital Promotes Philip McNeill and James Shevlin.WASHINGTON--(BUSINESS WIRE)--Aug. 12, 1998--Allied Capital Corp. (ALLC ALLC Association for Literary and Linguistic Computing ALLC Allied Capital Corporation (stock symbol) ALLC Army Logistics Leadership Center (Red River Defense Complex, Texarkana, TX) ) announced Wednesday the promotions of two of its investment officers. Philip A. McNeill was promoted to serve as a Managing Director of the company. McNeill has been a Principal and senior investment officer in Allied Capital's mezzanine finance group for five years, and will now share the responsibility for leading the mezzanine finance group. McNeill has ten years of mezzanine and venture capital investment experience, which follows eight years as an entrepreneur. McNeill received his undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree. An undergraduate degree (sometimes called a first degree or simply a degree from Syracuse University Syracuse University, main campus at Syracuse, N.Y.; coeducational; chartered 1870, opened 1871. Syracuse is noted for its research programs in government and industry; facilities include the Center for Science and Technology, the Newhouse Communications Center, and , and his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . James P. Shevlin was promoted to serve as a Principal of the company. Shevlin has been an associate in the company's commercial real estate finance group for two years. In this capacity, Shevlin has worked with senior investment officers to invest more than $200 million. Prior to joining Allied Capital, Shevlin served as an audit specialist for the Resolution Trust Corp., and a systems auditor for the Internal Revenue Service. Shevlin received his undergraduate degree from Bloomsburg University, and his MBA from The American University. Bill Walton, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , remarked, "As Allied Capital grows, we continue to promote strong leaders from within. Our corporate culture stresses credit underwriting excellence, teamwork, and a partnership-like emphasis on building shareholder value. Both Phil and Jim have demonstrated these skills in abundance. "Allied Capital has an extremely deep bench of investment professionals and Phil and Jim's promotions strengthen further our ability to capitalize on the opportunities we see in our markets." Allied Capital Corp. is a commercial finance company principally engaged in lending to and investing in private small and medium-sized businesses. For 40 years, the company has been dedicated to financing growing businesses nationwide. The company provides loans and investments ranging in size from $500,000 to $25 million in three areas: mezzanine finance, commercial real estate finance, and SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government 7(a) lending. The company has offices in Washington, D.C., Chicago, San Francisco, and Frankfurt, Germany. Please contact Suzanne Sparrow, Principal, Investor Relations Investor relations The process by which the corporation communicates with its investors. , at 888/818-5298 or 202/973-6326 for more information.
CONTACT: Allied Capital
Suzanne Sparrow, 888/818-5298 or 202/973-6326
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