Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm

Release Date: 03/31/21

Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a Louisiana based manufacturer of component parts. The proceeds were used to support the company’s recent rapid growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to welcome this new client. The Company has strong manufacturing and operational capabilities and recently engaged a new CFO to enhance financial management and reporting. The banker and CFO recommended Amerisource when the Company’s existing bank was unable to provide enough financing to fund its growth. Our credit and underwriting team were able to approve and close the financing very quickly. We look forward to a long term partnership.”

About Amerisource Funding | Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 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 clients and offices located throughout the United States.

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