Amerisource Business Capital provided a $3.5 million credit facility to a specialty manufacturing company based in New York.
Proceeds from the facility will be used to support the company’s growth.
“The client has a seasoned management team which is working through a difficult financial situation. Amerisource offered a flexible financing structure to deal with some unique aspects of the business. The company was able to maintain its existing banking relationship,” said Andy Allaire, regional market manager for Amerisource,