Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a metal stamp manufacturer based in Illinois. Proceeds of the facility were used to refinance the existing lender and for additional working capital needs.
Lori Lemuel, Regional Market Manager for Amerisource, stated: “We are delighted to welcome this new client on board. We were brought in on fairly short notice, and Amerisource was able to deliver a structure that worked for all parties involved, including the outgoing lender. The Company has a very talented management team, and we look forward to working with them as they continue to grow their business.”