Amerisource Business Capital closed and funded a $2 million credit facility for a Utah-based pump manufacturing company.
Proceeds from the facility were used to refinance existing debt and provide capital for future expansion.
Danilo Chang, market manager for Amerisource, said, “We are pleased to welcome this company to the Amerisource family. The structure sought by the company was a little outside the box, with a foreign parent company and no guarantors. Our origination team, legal team and account management team worked together to underwrite, approve and deliver this structure. We are looking forward to seeing this company grow and prosper with access to more capital.”
