Daily News: December 12, 2013

Amerisource Provides $500K Facility for Textiles Manufacturer

Amerisource announced the closing and funding of a $500,000 facility for a textiles manufacturing firm headquartered in North Carolina. Proceeds of the facility were used to refinance existing bank debt and provide additional working capital to support continued growth.

The company experienced a sharp increase in business from one of its largest customers and the Company’s consultant believed Amerisource was the best solution to provide the additional financing needed to enable the sales growth.