Amerisource Business Capital closed and funded a $1.5 million credit facility for a New York-based manufacturer and distributor of electrical components.
Proceeds of the facility will be used for growth capital.
“This firm has a solid management team and strong equity partners, but lacked adequate working capital. We are pleased to partner with and support them as they continue to grow,” said Andy Allaire, Senior Vice President for Amerisourc.
Amerisource is one of the largest independent finance companies in the U.S., having provided over $7 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding).
