Amerisource Funds $1.5MM Real Estate Credit Facility for Textile Manufacturer

Amerisource Business Capital closed and funded a $1.5 million real estate credit facility for a textile manufacturer based in Pennsylvania. The proceeds are being used to refinance existing debt.

“The ownership of the business is well seasoned and needed a lender that could provide real estate bridge financing to work through the current cycle,” Andy Allaire, regional market manager for Amerisource, said. “It was a quick transaction start to finish, and we were pleased to provide a favorable solution for our client.”

Founded in 1984, Amerisource is a direct lender and capital provider to businesses with borrowing needs of up to $20 million.