Amerisource Closes $4,000,000 Credit Facility for Power Management Services Firm


Release Date: 03/13/20


Amerisource Closes $4,000,000 Credit Facility for Power Management Services Firm

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a manufacturer of lift and power management systems in Texas. The proceeds were used to refinance existing bank debt and to provide additional growth capital.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this company as an Amerisource client. The management team has a ton of experience in this industry, and they were a pleasure to work with throughout the process. Bill Herrington, EVP of Amerisource added, “the private equity group backing this company is a leader in the power management space and we are looking forward to our continued partnership with them.”


About Amerisource Funding | Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has clients and offices located throughout the United States. https://amerisource.us.com