May 2011 - Manufacturer receives a $7,000,000 A/R Finance Facility

Manufacturer in California has completed a $7,000,000 A/R Finance Facility with		REFERRAL SOURCE - Company's consultant SITUATION - Manufacturer of ceramic igniters and gas ignition safety controls; in business since 1972 - Company had a $3.9 million working capital facility with a local bank - After several acquisitions, this Company needed to increase its credit facility, but its bank was unable to do so APPROVAL PERIOD - 5 business days; additional 6 days to fund







RESULT This manufacturer was expanding more quickly than its existing bank line of credit could handle, and it needed additional funds for continued growth. Amerisource approved a $7,000,000 credit facility and gave the Company access to the working capital that it needed to continue financing its growth. Business has ignited, and the Company is prepared for a red-hot year!