Amerisource Provides $1.5MM Credit Facility to Illinois-Based Food Manufacturer

Amerisource Business Capital closed and funded a $1.5 million credit facility for a pre-packaged food manufacturer based in Illinois, which is using the proceeds to fund the company’s growth during the COVID-19 pandemic.

“This was a complex transaction which required a borrowing base structure that incorporated several pieces of real estate which are owned by family trusts,” Daniel Martinez, regional market manager for Amerisource, said. “Thanks to our experienced team and the cooperation of the client, we were able to deliver a unique solution allowing the company to leverage real estate located in three different states as well as inventory and A/R in order to provide the working capital needed to meet the demands of its growing business.”

Amerisource is a direct lender and capital provider to businesses with borrowing needs up to $20 million.