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

Release Date: 05/19/22

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 New York based cookie and dessert production firm. The proceeds were used to provide working capital for the company’s expected growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “An independent sponsor acquired this family run business and Amerisource provided an ABL solution to finance the working capital. We were pleased to be able to provide a financing package to facilitate the growth of the 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