Amerisource Completes $1,000,000 Credit Facility for Manufacturer and Distribution Company

Release Date: 07/12/18

Amerisource Completes $1,000,000 Credit Facility for Manufacturer and Distribution Company

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Michigan-based manufacturer and distributor of component parts for heavy equipment. Proceeds of the facility were used to refinance existing bank debt and to provide growth capital.

Andy Allaire, Market Manager for Amerisource, stated: “This client has a very long operating history. The Company recently made investments to accelerate growth, resulting in interim losses. Amerisource was brought in by the Company’s banker as a financing solution during this period of growth. We were thrilled to work with this owner and very seasoned management team, as well as to provide a solution for the bank, and we look forward to our continued partnership.”

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.

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