Amerisource Business Capital closed and funded a $1 million revolving credit facility for a design and manufacturing company based in upstate New York.

Proceeds of the facility will be used to support the company’s growth.

Andy Allaire, regional market manager for Amerisource, commented, “Following a referral from the client’s bank, Amerisource was able to provide a quick and flexible solution to address the client’s time-sensitive financing needs. The company’s management expressed appreciation for our responsiveness and the speed and certainty of our closing. We are pleased to support this new client as they pursue their growth plans.”

Amerisource is one of the largest independent finance companies in the nation and has provided over $7 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding).