FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Amerisource Closes $2.5MM Credit Facility for Components Manufacturer

Date: Aug 05, 2020 @ 08:50 AM
Filed Under: Manufacturing

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a power generation component part manufacturer and distributor based in Connecticut. The company is recapitalizing its balance sheet and needed a lender to provide availability on accounts receivable, inventory and real estate.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The Company has a seasoned management team and committed ownership. They were looking for a one-stop shop to finance their broad range of asset classes. The approval and closing process went very smoothly, and we look forward to our continued partnership with them."

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.