FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Amerisource Business Capital Closes $2.5MM Credit Facility for NY Manufacturer

February 05, 2020, 09:00 AM
Filed Under: Manufacturing

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a kitchen counter manufacturer based in New York.  The proceeds are being used for working capital.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. Following a change of ownership, the Company‘s bank was unable to renew its revolver. Amerisource was approached and was able to approve and close a revolving facility in under two weeks. We have enjoyed working with the new owners and look forward to our continued partnership.”







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.