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Amerisource Closes $5.5MM Revolving Line/Equipment Term Loan Facility for Manufacturer

August 24, 2020, 07:09 AM
Filed Under: Manufacturing

Amerisource Business Capital announced the closing and funding of a $5,500,000 credit facility for a metal stamping firm based in Ohio. The proceeds are being used to refinance their existing bank debt.

Andy Allaire, Senior Vice President for Amerisource, stated: “Amerisource provided the company with a comprehensive financing package with an Asset Based Revolver on A/R & inventory and a term loan on equipment. We are excited to onboard this new client, and we look forward to our continued partnership.”

Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $20 million.  Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S.

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