Amerisource Completes $250,000 Credit Facility for Oil Field Services Company

Release Date: 11/21/17

Amerisource Completes $250,000 Credit Facility for Oil Field Services Company

Amerisource Business Capital announced the closing and funding of a $250,000 asset based revolver for a Colorado-based drilling company.

The start-up company, which provides a variety of drilling and hydrovac services, was seeking a larger line of credit to finance its continued rapid growth. The company approached Amerisource following a referral from its consultant.

Nic Wager, Market Manager for Amerisource, stated: “The client was looking for a quick turnaround to fund their expanding sales. With the consultant’s help, we were able to close and fund in just eight days. We look forward to supporting this business as it continues to grow and thrive.”

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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