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


Amerisource Provides $1MM for Frozen Foods Supplier

November 08, 2013, 07:06 AM

Amerisource announced the closing and funding of a $1 million facility for a frozen foods supplier based in Upstate, NY. Proceeds of the facility were used to refinance existing bank debt and provide additional working capital for the Company.
The company had recently won a contract to supply a national grocer with its full line of frozen foods. The company’s existing bank realized that a larger line of credit would be needed and that A/R financing would be the best means to finance the company’s growth. The banker referred the company to Amerisource, and Amerisource was able to approve and close very quickly.
About Amerisource Founded in 1984 and headquartered in Houston, Texas, Amerisource is one of the largest and fastest-growing independent commercial finance companies in the country.

Comments From Our Members

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