Amerisource Completes $9,000,000 Credit Facility for Transportation Company

Release Date: 04/06/18

Amerisource Completes $9,000,000 Credit Facility for Transportation Company

We recently announced the closing and funding of a $9,000,000 ABL credit facility for a transportation Company in the Midwest. The proceeds from this facility were used to support the Company’s continued growth.

Nic Wagner, Market Manager for Amerisource, stated: “This client is growing on all fronts — real estate, trucks, trailers, employees, and through acquisitions. As collateral lenders, we are able to provide growth capital free of financial covenants, which will allow this client to reach their goal of 50% revenue growth over each of the next two years. The banks involved were happy to finance the equipment and real estate terminal, leaving the working capital financing needs to 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.

Working Capital | Real Estate | Equipment