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Amerisource Provides $6MM Credit Facility to PA Fuel Distributor

March 19, 2018, 08:00 AM

Amerisource Business Capital announced the closing and funding of a $6,000,000 credit facility for a fuel distribution and transportation Company in Pennsylvania.  The proceeds from this facility were used to support their continued growth.

Andy Allaire, Market Manager for Amerisource, stated: “The Company has an experienced management team.  We were pleased to provide the needed working capital to help the business grow.  Equally, we were able to help their bank as the exposure was growing beyond their comfort level.  The bank was able to maintain deposits and real estate loans while Amerisource is providing the working capital.”

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