Amerisource Closes $17,000,000 Credit Facility for Industrial Sand and Construction Aggregate Firm


Release Date: 05/03/21


Amerisource Closes $17,000,000 Credit Facility for Industrial Sand and Construction Aggregate Firm

Amerisource Business Capital announced the closing and funding of a $17,000,000 senior credit facility for an Iowa-based sand and construction aggregate firm. The proceeds were used to continue the expansion of their business lines and support their ongoing working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “We worked closely with the management team to structure a facility to meet their needs and it was a pleasure working with the team during the onboarding process.” Bill Herrington, EVP for Amerisource, added: “The company has a rich history and track record and we look forward to supporting their role in the growth and expansion of our country’s infrastructure.”

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

Working Capital | Real Estate | Equipment