Amerisource Closes $3,000,000 Credit Facility for Manufacturing Firm

Release Date: 10/25/21

Amerisource Closes $3,000,000 Credit Facility for Manufacturing Firm

Amerisource Business Capital announced the closing and funding of a $3,000,000 senior credit facility for a Florida based clothing apparel manufacturer. The proceeds were used to support ongoing working capital needs.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are thrilled to welcome this new client. The ownership and management team have deep experience and successfully navigated recent sourcing and supply chain issues, enabling a return to growth mode after a quick rebound. Our credit facility will allow them to keep the flow of product in to fill growing orders.”

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.

Working Capital | Real Estate | Equipment