Amerisource Business Capital closed and funded a $3,000,000 senior credit facility for a Florida-based clothing apparel manufacturer. The proceeds were used to support ongoing working capital needs.
Andy Allaire, Senior Vice President for Amerisource, stated: “We are thrilled to welcome this new client. The ownership and management team have deep experience and successfully navigated recent sourcing and supply chain issues, enabling a return to growth mode after a quick rebound. Our credit facility will allow them to keep the flow of product in to fill growing orders.”