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.
“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.