Amerisource Business Capital closed and funded a $1,500,000 credit facility for a New York-based cookie and dessert production firm. The proceeds were used to provide working capital for the company’s expected growth.
Andy Allaire, Senior Vice President for Amerisource, stated: “An independent sponsor acquired this family run business and Amerisource provided an ABL solution to finance the working capital. We were pleased to be able to provide a financing package to facilitate the growth of the business.”