Amerisource Completes $1,000,000 Credit Facility for Pipe Cutting Company

Release Date: 06/14/18

Amerisource Completes $1,000,000 Credit Facility for Pipe Cutting Company

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a pipe cutting and onsite assembly company in Texas. Proceeds of the facility were used to support continued business growth.

Daniel Martinez, Market Manager for Amerisource, stated: “The Company’s banker called us when he realized his bank couldn’t finance the Company’s ongoing growth rate. The bank benefited by gaining new treasury management business and deposit accounts. In addition, we were able to introduce a partner to refinance the Company’s real estate. We’ve enjoyed working with the Company throughout this process, and we look forward to continuing our partnership as they expand.”

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