Daily News: March 7, 2019

Amerisource Funds $600K Facility for Aerospace Parts Manufacturer

Amerisource Business Capital closed and funded a $600,000 credit facility for a New York based manufacturer of component parts for the aerospace, commercial, military and transportation industries.

Proceeds from the facility will be used to fund working capital and growth.

“We are pleased to provide this revolver to our newest client. The company is a 2nd generation business with a seasoned management team and top tier customers. We look forward to our partnership and supporting the company’s continued growth financing needs,” said Andy Allaire, senior vice president for Amerisource.

Amerisource has 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).