Amerisource Closes $500,000 Credit Facility for a Health & Beauty Product Distributor
Release date: July 30, 2016
Amerisource Closes $500,000 Credit Facility for a Health & Beauty Product Distributor
Houston, TX – Amerisource announced the closing and funding of a $500,000 credit facility for a distributor of health and beauty products in New York. The Company sells to both online as well as brick & mortar retailers.
The Company self-funded its startup, but its recent YOY exponential sales growth has strained its working capital. The Company’s consultant recommended Amerisource as a flexible and cost-effective solution for its financing needs. Proceeds of the new facility were used for ongoing working capital needs and to expand the Company’s inventory breadth.
Contact:
Jaylene Cyr (713) 863 8300 Ext. 239
jcyr@amerisource.us.com