Amerisource Closes $3,000,000 Credit Facility for Distributor

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a distribution company based in California. The proceeds are being used for growth capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “The Company has an excellent management team and strong support from its venture capital firm. As the Covid crisis developed, the Company quickly transitioned from distributing sporting-related apparel to distributing protective equipment (PPE) for health care providers. We are excited about this partnership, and always appreciate the opportunity to work with a group of entrepreneurs with a vision and passion for their business.”