Amerisource Closes $1,000,000 Credit Facility for Specialty Manufacturing Company


Release Date: 10/30/19


Amerisource Closes $1,000,000 Credit Facility for Specialty Manufacturing Company

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a component parts manufacturer based in New York. Proceeds of the facility are being used to support working capital and sales growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client to the Amerisource family. Referred to us by the Company’s depository bank, the Company has a seasoned management team, but foreign ownership and limited operating history. With conventional bank financing not yet available, Amerisource was the perfect solution to ensure the Company had capital to support its growth. We look forward to growing our partnership with this great Company.“


About Amerisource Funding | Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has clients and offices located throughout the United States. https://amerisource.us.com