Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an IT staffing company in California. Proceeds of the facility were used to refinance existing bank debt and support continued sales growth.
Danilo Chang, Market Manager for Amerisource, stated: “Following a referral from the Company’s banker, we were able to deliver a flexible credit facility allowing for greater availability to support the Company’s business growth. It’s always exciting for us to partner with a growing company, and we are really pleased to be working with this Company to meet their strategic and growth objectives.”