Amerisource Business Capital closed and funded a $1.5 million credit facility for an environmental services firm based in New York. The firm will use the proceeds to support working capital needs and anticipated growth.
“We are pleased to welcome this new client to the Amerisource family,” Andy Allaire, regional market manager for Amerisource, said. “They have a seasoned ownership and management team, and they were great to work with putting together this facility during a very difficult time.”
Founded in 1984, Amerisource is a direct lender to businesses throughout the United States with borrowing needs up to $20 million. The company has provided more than $8 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and A/R financing arm (Amerisource Funding).