Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a packager and distributor of medical supplies based in Maryland. Proceeds of the facility were used to support working capital needs.
Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to close this financing for this new client. The management team has over 20 years of experience in developing, branding and distributing medical products, but were not able to obtain traditional bank financing due to the startup nature of this company. We look forward to supporting this business as it pursues its growth objectives.”