Amerisource Closes $3,000,000 Credit Facility for Membrane Manufacturer

Release Date: 11/12/20

Amerisource Closes $3,000,000 Credit Facility for Membrane Manufacturer

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a Texas-based fabricator of membranes used in water treatment facilities. The Company, owned by a foreign parent, was seeking an asset based facility to secure working capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “Working with a newly formed U.S. company which is owned by a foreign parent posed its challenges, especially given the issues around Covid 19. But, with the flexibility Amerisource offers, we were able to secure a partnership with a company which is poised to grow rapidly in the U.S. We provided a creative structure that was chosen over multiple other offers from competitors.”

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.

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