Amerisource Completes $1,500,000 Credit Facility for Manufacturer & Distributor

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a New York based manufacturer and distributor of electrical components. Proceeds of the facility are being used for growth capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “This firm has a solid management team and strong equity partners, but lacked adequate working capital. We are pleased to partner with and support them as they continue to grow.”