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Amerisource Closes $3MM Credit Facility for Distributor

July 06, 2020, 08:50 AM
Filed Under: Distribution

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a distribution company based in California. The proceeds are being used for growth capital. 

Andy Allaire, Regional Market Manager for Amerisource, stated: “The Company has an excellent management team and strong support from its venture capital firm.  As the Covid crisis developed, the Company quickly transitioned from distributing sporting-related apparel to distributing protective equipment (PPE) for health care providers. We  are excited about this partnership, and always appreciate the opportunity to work with a group of entrepreneurs with a vision and passion for their business.”

Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million.

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