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Amerisource Closes $2.5MM Credit Facility for Components Manufacturer

August 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."

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