Amerisource Business Capital Provides $10MM ABL Revolver for Automotive Parts Maker

Amerisource Business Capital closed and funded a $10 million asset-based lending revolver on accounts receivable and inventory and a real estate term loan facility for a Wisconsin-based automotive, truck and aerospace component part designer and manufacturer.

“The company is experiencing a significant post-COVID expansion which required an increase in working capital,” Andy Allaire, senior vice president for Amerisource Business Capital, said. “We are excited to be working with this experienced management team and look forward to our continuing partnership.”