Amerisource Business Capital closed and funded a $2.5 million credit facility for a power generation component part manufacturer and distributor based in Connecticut. The company was recapitalizing its balance sheet and needed a lender to provide availability on accounts receivable, inventory and real estate.
“The company has a seasoned management team and committed ownership,” Andy Allaire, regional market manager for Amerisource, said. “They were looking for a one-stop shop to finance their broad range of asset classes. The approval and closing process went very smoothly, and we look forward to our continued partnership with them.“
Founded in 1984, Amerisource is a direct lender and capital provider to businesses throughout the United States with borrowing needs up to $20 million.
