Amerisource Closes $10,000,000 Senior Credit Facility for Industrial Services Firm

Release Date: 07/12/23

Amerisource Closes $10,000,000 Senior Credit Facility for Industrial Services Firm

Amerisource Business Capital announced the closing and funding of a $10,000,000 senior credit facility for a Texas-based industrial, environmental, and mechanical services firm.

Allison Billings, Market Manager for Amerisource, stated: “The company was in a factoring relationship and was looking to replace it with a more traditional revolving line of credit structure, to maximize availability in preparation for anticipated growth. We are excited to welcome them to our team.”  Bill Herrington, EVP of Amerisource, added “Our traditional revolving ABL line of credit product allows companies to graduate beyond cumbersome factoring structures but with greater flexibility than traditional banks.  Our solution greatly reduced the administrative burden on the client, while increasing availability.”

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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