Amerisource Closes $1,000,000 Credit Facility for Bioscience Firm

Release Date: 10/25/21

Amerisource Closes $1,000,000 Credit Facility for Bioscience Firm

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Texas based Bioscience firm. The proceeds were used to support growth and working capital needs.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to announce our relationship with this rapidly growing biotech company. We delivered an easy underwriting and approval process, eliminating the cumbersome traditional bank financing process, and allowed the Company’s management team to instead focus on growing their business.”

“We are pleased to onboard this new client. Amerisource worked closely with management team and structured a flexible solution to support the Company’s growth and continued success.” said Bill Herrington, EVP for Amerisource.

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.

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