Amerisource Business Capital closed and funded a $2 million senior credit facility for a New York-based commercial bakery that provides private-label baked goods to retail and institutional users. The proceeds were used to fund growth and ongoing operations.
“An independent sponsor capitalized the business and they are ramping up production,” Andy Allaire, senior vice president for Amerisource, said. “They required a flexible asset-based revolver to fund growth. We are pleased to onboard this new client and look forward to our partnership and the opportunity to support their future growth.”
