Amerisource Closes $3,000,000 Credit Facility for Health Services Company

Release Date: 06/29/20

Amerisource Closes $3,000,000 Credit Facility for Health Services Company

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for an international occupational health services company based in Texas. The proceeds were used to refinance existing bank debt and support additional working capital needs.

Bill Herrington, EVP for Amerisource stated, “the client is growing rapidly due to the increased need for health care testing in the Covid-19 environment. Our ability to structure a facility to accommodate exponential growth was critical for the company.”

Allison Billings, Regional Market Manager for Amerisource, stated: “Amerisource came highly referred by the Company’s existing bank. We tailored a revolving credit facility and a real estate bridge loan to fit the Company’s objectives. All parties were great to work with, and we’re very excited to welcome this new relationship to the Amerisource family. The company has a long operating history, and we look forward to our partnership.”

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