Amerisource Closes $500,000 Credit Facility for Packaging & Distribution Firm


Release Date: 03/18/20


Amerisource Closes $500,000 Credit Facility for Packaging & Distribution Firm

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a packager and distributor of medical supplies based in Maryland. Proceeds of the facility were used to support working capital needs.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to close this financing for this new client. The management team has over 20 years of experience in developing, branding and distributing medical products, but were not able to obtain traditional bank financing due to the startup nature of this company. We look forward to supporting this business as it pursues its growth objectives.”


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