Amerisource Business Capital closed a $1 million credit facility for a Michigan-based distributor of outdoor and camping accessories. Proceeds from the facility were used to refinance existing debt and for working capital purposes.
The company was introduced to Amerisource by its financial consultant.
Andy Allaire, market manager for Amerisource, said, “We’re excited to partner with this management team. They have a great product and a growing customer base, but conventional bank financing could not support their continued growth. Amerisource was able to provide a flexible credit facility to meet their current needs and give the company the ability to continue its growth plans.”
