Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm

Release Date: 05/11/21

Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for an Indiana-based contract manufacturing firm which provides powder coating, industrial painting, and related tubing products. The proceeds were used to fund the acquisition of the firm by a private investor.

Andy Allaire, Senior Vice President for Amerisource, stated: “We were pleased to welcome this new client to the Amerisource family. The ownership has a proven track record of acquiring and growing underperforming businesses. We look forward to supporting their future growth.”

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.

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