Amerisource Funds $5,000,000 – Repair & Maintenance Firm

Release Date: 08/01/17

Amerisource Funds $5,000,000 – Repair & Maintenance Firm

Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $5,000,000.00 asset based revolver for a repair and maintenance firm. Established in 2014, the Texas-based firm services the petrochemical industry, refineries and vessel fabricators. The firm required additional funding to support their working capital needs while working on large contracts. This deal was referred from two different sources – a financial broker and the firm’s local banker. The firm’s key-decision makers in this instance were Amerisource’s ability to provide a true floating credit limit which enables continued access to funding as the business grows and a no-contract term.

Allison Billings, Amerisource’s Market Manager, stated “We were able to efficiently complete the underwriting process and get the firm on board quickly. We are excited to be working with the client and provide access to the capital that they need as their business continues to grow.”

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