Amerisource Funds $250,000 – Transportation Firm

Release Date: 08/17/17

Amerisource Funds $250,000 – Transportation Firm

In mid-August 2017, Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $250,000.00 asset based revolver for a transportation firm. The firm was newly established in 2016 and is based in upstate New York.

The firm was seeking a line of credit with their bank to help fund the growth of their business. However, as a start-up, they found it challenging to obtain funds from their bank. After a referral, Amerisource was able to provide a flexible solution and provide the firm with the working capital required to support their continued growth.

Andy Allaire, Amerisource’s Market Manager, stated: “We were pleased to be able to provide this new credit facility. We are helping this newly established trucking company grow the business. Additionally, we are helping their banker as the bank was not able to provide the credit, but they will benefit from the increased deposits.”

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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