Amerisource Funds $3.5MM Facility for New York Company

Amerisource Business Capital closed and funded a $3.5 million credit facility for a specialty manufacturing company based in New York.

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

Andy Allaire, regional market manager for Amerisource, commented, “The client has a seasoned management team which is working through a difficult financial situation. Amerisource offered a flexible financing structure to deal with some unique aspects of the business. The company was able to maintain its existing banking relationship.”

Amerisource is one of the largest independent finance companies in the nation, having provided more than $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). Amerisource has offices located throughout the United States.

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