Amerisource Closes $1,000,000 Credit Facility for Staffing Company

Release Date: 06/04/19

Amerisource Closes $1,000,000 Credit Facility for Staffing Company

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for an employment agency based in Missouri. Proceeds of the facility were used to refinance existing bank debt and to provide additional working capital for ongoing operations and growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to provide this credit facility to the client, and we were fortunately able to structure and close the facility very quickly. As an employment agency, our client was very familiar with the ABL structure, and the incumbent bank was helpful and responsive in the transition of the facility to Amerisource, while maintaining the deposit relationship. We look forward to a long-lasting relationship as the client pursues its 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.

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