Amerisource Closes $1,000,000 Credit Facility for Manufacturing Company

July 29, 2019

Source: Amerisource Business Capital

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a precision parts design and manufacturing company based in New York. The Company was recently acquired by a private equity firm, and proceeds of the new facility will be used for additional growth capital.

Andy Allaire, regional market manager for Amerisource, stated: “We are excited to welcome this new relationship.  The new ownership has a solid track record in acquiring and growing their portfolio companies.  Amerisource is pleased to be in a position to provide the needed growth capital.“  

About Amerisource Business Capital | Amerisource Funding

Amerisource is one of the largest independent finance companies in the nation, having provided over $7 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 offices located throughout the United States.