Amerisource Business Capital closed and funded a $2 million senior credit facility for a Louisiana-based manufacturer of component parts. The proceeds were used to support the company’s recent growth.
“We are pleased to welcome this new client,” Andy Allaire, senior vice president for Amerisource Business Capital, said. “The company has strong manufacturing and operational capabilities and recently engaged a new CFO to enhance financial management and reporting. The banker and CFO recommended Amerisource when the company’s existing bank was unable to provide enough financing to fund its growth. Our credit and underwriting team were able to approve and close the financing very quickly. We look forward to a long-term partnership.”
Founded in 1984, Amerisource Business Capital is a direct lender and capital provider to businesses with borrowing needs up to $25 million.
