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Amerisource Closes $1.5MM Credit Facility for Food Manufacturer

July 30, 2020, 07:45 AM

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a pre-packaged food manufacturer based in Illinois.The proceeds are being used to fund the company’s continued growth during COVID 19.
Daniel Martinez, Regional Market Manager for Amerisource, stated: “This was a complex transaction which required a borrowing base structure that incorporated several pieces of real estate which are owned by family trusts. Thanks to our experienced team and the cooperation of the client, we were able to deliver a unique solution allowing the company to leverage real estate located in 3 different states as well as inventory and A/R in order to provide the working capital needed to meet the demands of its growing business.”

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