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


Amerisource Closes $12MM Credit Facility for Distribution Firm

March 24, 2021, 07:15 AM
Filed Under: Distribution

Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a California-based distributor of construction materials.  The proceeds were used to provide additional growth capital.
Andy Allaire Senior Vice President for Amerisource, stated: “We are pleased to welcome this new client. The ownership group has extensive industry experience, and they recently brought on a new senior management team to guide the restructured and growing business. We look forward to partnering with this company and supporting its continued growth”
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S.

Comments From Our Members

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