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
Amerisource Business Capital is a leading independent asset-based provider of capital to middle-market and small businesses that have financing needs beyond traditional bank capabilities. Founded in 1984, and with offices nationwide, Amerisource has provided over $7 billion in financing to companies in markets throughout the United States. Our extensive lending experience in complex situations allows us to deliver rapid responses and maximum availability of capital.