Amerisource Closes $3,500,000 Credit Facility for Manufacturing Company

Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a speciality manufacturing company based in New York.  Proceeds of the facility are being used to support their growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The client has a seasoned management team which is working through a difficult financial situation. Amerisource offered a flexible financing structure to deal with some unique aspects of the business.  The company was able to maintain its existing banking relationship.“  

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. www.amerisource.us.com