Amerisource Completes $1,000,000 Credit Facility for Oilfield Tools Company

Release Date: 06/21/18

Amerisource Completes $1,000,000 Credit Facility for Oilfield Tools Company

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an oilfield tools and equipment Company in Texas. Proceeds of the facility were used to support business growth.

Allison Billings, Market Manager for Amerisource, stated: “The Company was referred to Amerisource by its CPA. We were able to quickly underwrite and approve a credit facility to ensure the client has access to capital needed for its continued growth. It has been a pleasure working with the Company during the onboarding process. We were pleased to deliver a facility that meets the Company’s needs and look forward to working with them as they pursue their business growth objectives.”

About Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S. Our deep experience and expertise in complex situations allows us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States.

Working Capital | Real Estate | Equipment