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Amerisource Business Capital Closes $2MM Credit Facility for Manufacturer

October 01, 2019, 07:10 AM

Amerisource Business Capital announced the closing and funding of a $2 million senior credit facility for a hardware manufacturing company based in California. Proceeds of the facility are being used to support working capital and sales growth.

Danilo Chang, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The client has foreign ownership and is growing very quickly, which created some challenges for conventional bank financing. The Amerisource team delivered a very creative financing solution, and we are looking forward to our partnership with this growing business.”

Amerisource is an independent direct lender and provider of capital to small and lower middle market businesses seeking senior debt for growth capital, turnaround or special situations. Founded in 1984, it has provided over $8 billion in financing to over 1,500 companies across the U.S. and Canada.

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