Amerisource Closes $1,500,000 Real Estate Credit Facility for Textile Manufacturer


Release Date: 12/02/20


Amerisource Closes $1,500,000 Real Estate Credit Facility for Textile Manufacturer

Amerisource Business Capital announced the closing and funding of a $1,500,000 real estate credit facility for a textile manufacturer based in Pennsylvania. The proceeds are being used to re-finance existing debt.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The ownership of the business is well seasoned and needed a lender that could provide real estate bridge financing to work through the current cycle. It was a quick transaction start-to-finish, and we were pleased to provide a favorable solution for our client.”

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

Working Capital | Real Estate | Equipment