Amerisource Business Capital closed a $1 million senior credit facility for a component parts manufacturer based in New York.
Proceeds from the facility will be used to support working capital and sales growth.
Andy Allaire, regional market manager for Amerisource, stated, “We are pleased to welcome this new client to the Amerisource family. Referred to us by the company’s depository bank, the company has a seasoned management team, but foreign ownership and limited operating history. With conventional bank financing not yet available, Amerisource was the perfect solution to ensure the company had capital to support its growth. We look forward to growing our partnership with this great company.“
