Amerisource Closes $2,500,000 Credit Facility for Manufacturer


Release Date: 02/05/20


Amerisource Closes $2,500,000 Credit Facility for Manufacturer

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a kitchen counter manufacturer based in New York. The proceeds are being used for working capital.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. Following a change of ownership, the Company‘s bank was unable to renew its revolver. Amerisource was approached and was able to approve and close a revolving facility in under two weeks. We have enjoyed working with the new owners and look forward to our continued partnership.”


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