Amerisource Completes $3,000,000 Credit Facility for Transportation Firm

Release Date: 02/11/18

Amerisource Completes $3,000,000 Credit Facility for Transportation Firm

We are very happy to announce the closing and funding of a $3,000,000 credit facility for a transportation and logistics firm based in upstate New York. The company was introduced to us by its banker. Proceeds from the facility were used to refinance the Company’s bank line of credit and for additional growth and working capital.

Andy Allaire, Market Manager for Amerisource, stated: “We are pleased to be working with this Company and its bank. Amerisource was able to deliver an asset-based revolver structure that provided greater flexibility and enabled the Company to continue its growth aspirations. And the bank was able to retain the deposit relationship, so it was a great result for all three parties.”

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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