Amerisource Closes $3,000,000 Credit Facility for Distributor

Release Date: 06/29/20

Amerisource Closes $3,000,000 Credit Facility for Distributor

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a distribution company based in California. The proceeds are being used for growth capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “The Company has an excellent management team and strong support from its venture capital firm. As the Covid crisis developed, the Company quickly transitioned from distributing sporting-related apparel to distributing protective equipment (PPE) for health care providers. We are excited about this partnership, and always appreciate the opportunity to work with a group of entrepreneurs with a vision and passion for their business.”

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