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, Senior Vice President 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 Business Capital
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S. Our deep experience and expertise in complex situations allows us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States.

Working Capital | Real Estate | Equipment