Amerisource Business Capital closed and funded a $3 million credit facility for a distribution company based in California. The company will use the proceeds for growth capital.
“The company has an excellent management team and strong support from its venture capital firm,” Andy Allaire, regional market manager for Amerisource, said. “As the COVID crisis developed, the company quickly transitioned from distributing sporting-related apparel to distributing protective equipment (PPE) for health care providers. We are excited about this partnership and always appreciate the opportunity to work with a group of entrepreneurs with a vision and passion for their business.”
Founded in 1984, Amerisource is a direct lender to businesses with borrowing needs up to $20 million.