Amerisource Closes $1,000,000 Credit Facility for Refinery Services Firm

Release Date: 10/16/20

Amerisource Closes $1,000,000 Credit Facility for Refinery Services Firm

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Texas based firm which provides repair and maintenance services to the petrochemical industry. The proceeds are being used to fund the company’s ongoing working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “The firm is a newly established entity, but the owners bring decades of industry experience to this company and are poised for significant growth ahead.”

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.

Working Capital | Real Estate | Equipment