Amerisource Business Capital closed a $2 million senior credit facility for a hardware manufacturing company based in California.
Proceeds of the facility are being used to support working capital and sales growth.
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“We are pleased to welcome this new client. The client has foreign ownership and is growing very quickly, which created some challenges for conventional bank financing. The Amerisource team delivered a very creative financing solution, and we are looking forward to our partnership with this growing business,” said Danilo Chang, regional market manager for Amerisource.
