Amerisource Closes $1,500,000 Credit Facility for Food Manufacturer

Release Date: 07/27/20

Amerisource Closes $1,500,000 Credit Facility for Food Manufacturer

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a a pre-packaged food manufacturer based in Illinois. The proceeds are being used to fund the company’s continued growth during COVID 19.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “This was a complex transaction which required a borrowing base structure that incorporated several pieces of real estate which are owned by family trusts. Thanks to our experienced team and the cooperation of the client, we were able to deliver a unique solution allowing the company to leverage real estate located in 3 different states as well as inventory and A/R in order to provide the working capital needed to meet the demands of its growing 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