Recent News


Amerisource Closes $1,000,000 Real Estate Credit Facility for Manufacturer
Houston, TX - December 3, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Christmas and holiday decorations manufacturer based in North Carolina. The proceeds are being used to fund the company’s ongoing working capital needs.

Kelly Collins, Regional Market Manager for Amerisource, stated: “We’re very excited to welcome this new relationship to the Amerisource family. The company has a long operating history and all parties were great to work with. We look forward to supporting a company which has provided so much to their community over many holiday seasons.”


Amerisource Closes $1,500,000 Real Estate Credit Facility for Textile Manufacturer
Houston, TX - December 2, 2020

Amerisource Business Capital announced the closing and funding of a $1,500,000 real estate credit facility for a textile manufacturer based in Pennsylvania. The proceeds are being used to re-finance existing debt.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The ownership of the business is well seasoned and needed a lender that could provide real estate bridge financing to work through the current cycle. It was a quick transaction start-to-finish, and we were pleased to provide a favorable solution for our client.”


Amerisource Closes $1,000,000 Credit Facility for Agricultural Processor
Houston, TX - November 12, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Michigan based grower and processor. The proceeds are being used to fund the company’s growth and expand their facilities.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “Amerisource was able to provide a solution for the start-up company which is owned by an established and proven entrepreneur who owns multiple other businesses.“


Amerisource Closes $3,000,000 Credit Facility for Membrane Manufacturer
Houston, TX - November 12, 2020

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a Texas-based fabricator of membranes used in water treatment facilities. The Company, owned by a foreign parent, was seeking an asset based facility to secure working capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “Working with a newly formed U.S. company which is owned by a foreign parent posed its challenges, especially given the issues around Covid 19. But, with the flexibility Amerisource offers, we were able to secure a partnership with a company which is poised to grow rapidly in the U.S. We provided a creative structure that was chosen over multiple other offers from competitors.”


Amerisource Closes $1,000,000 Credit Facility for Refinery Services Firm
Houston, TX - October 16, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Texas based firm which provides repair and maintenance services to the petrochemical industry. The proceeds are being used to fund the company’s ongoing working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “The firm is a newly established entity, but the owners bring decades of industry experience to this company and are poised for significant growth ahead.”


Amerisource Closes $5,500,000 Revolving Line/Equipment Term Loan Facility for Manufacturer
Houston, TX - August 21, 2020

Amerisource Business Capital announced the closing and funding of a $5,500,000 credit facility for a metal stamping firm based in Ohio. The proceeds are being used to refinance their existing bank debt.

Andy Allaire, Senior Vice President for Amerisource, stated: “Amerisource provided the company with a comprehensive financing package with an Asset Based Revolver on A/R & inventory and a term loan on equipment. We are excited to onboard this new client, and we look forward to our continued partnership.”


Amerisource Closes $1,000,000 Credit Facility for Wholesale/ Distribution Firm
Houston, TX - August 17, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 revolving credit facility for an eye care product distributor based in New York. The proceeds are being used to provide working capital and to support significant projected growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “The company has an international presence and is expanding in the U.S. through acquisition. We look forward to partnering with this exceptional management team and ownership group as they grow domestically.”


Amerisource Closes $1,500,000 Real Estate Term Loan for Manufacturer
Houston, TX - August 10, 2020

Amerisource Business Capital announced the closing and funding of a $1,500,000 real estate loan to a flow meter manufacturer based in Texas.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We were able to quickly provide the funds needed to refinance the customer’s current bank debt through our real-estate product. The proceeds will increase the Company’s working capital which will be used to support future growth.”


Amerisource Closes $6,500,000 Revolving Line and Term Loan for Chemical and Additive Manufacturer In Texas
Houston, TX - August 5, 2020

Amerisource Business Capital announced the closing and funding of a $6,500,000 credit facility for a chemical and additive manufacturer based in Texas. Proceeds of the facility were used to support the company’s continued growth.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client and look forward to partnering with them. Amerisource is committed to providing working capital solutions to service companies in the energy and manufacturing sector.“


Amerisource Closes $2,500,000 Revolver And Real Estate Term Loan for Manufacturer and Distributor
Houston, TX - August 4, 2020

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a power generation component part manufacturer and distributor based in Connecticut. The company is recapitalizing its balance sheet and needed a lender to provide availability on accounts receivable, inventory and real estate.

Andy Allaire, Senior Vice President for Amerisource, stated: “The Company has a seasoned management team and committed ownership. They were looking for a one-stop shop to finance their broad range of asset classes. The approval and closing process went very smoothly, and we look forward to our continued partnership with them.“


Amerisource Closes $4,500,000 Credit Facility for Real Estate Firm
Houston, TX - July 28, 2020

Amerisource Business Capital announced the closing and funding of a $4,500,000 credit facility for a real estate firm based in Texas. The proceeds are being used to refinance a maturing bank loan.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “This was a rapid closing for a very seasoned real estate firm. With our deep roots in the Houston market, we were able to underwrite and approve this facility very quickly. We look forward to our continued partnership.” Bill Herrington, EVP of Amerisource, added, “we were able to quickly assist a local bank looking to reduce it’s commercial real estate exposure. This transaction was beneficial to the client, the bank, and to Amerisource.”


Amerisource Closes $1,500,000 Credit Facility for Food Manufacturer
Houston, TX - July 27, 2020

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a a pre-packaged food manufacturer based in Illinois. The proceeds are being used to fund the company’s continued growth during COVID 19.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “This was a complex transaction which required a borrowing base structure that incorporated several pieces of real estate which are owned by family trusts. Thanks to our experienced team and the cooperation of the client, we were able to deliver a unique solution allowing the company to leverage real estate located in 3 different states as well as inventory and A/R in order to provide the working capital needed to meet the demands of its growing business.”


Amerisource Closes $3,000,000 Credit Facility for Health Services Company
Houston, TX - June 29, 2020

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for an international occupational health services company based in Texas. The proceeds were used to refinance existing bank debt and support additional working capital needs.

Bill Herrington, EVP for Amerisource stated, “the client is growing rapidly due to the increased need for health care testing in the Covid-19 environment. Our ability to structure a facility to accommodate exponential growth was critical for the company.”

Allison Billings, Regional Market Manager for Amerisource, stated: “Amerisource came highly referred by the Company’s existing bank. We tailored a revolving credit facility and a real estate bridge loan to fit the Company’s objectives. All parties were great to work with, and we’re very excited to welcome this new relationship to the Amerisource family. The company has a long operating history, and we look forward to our partnership.”


Amerisource Closes $3,000,000 Credit Facility for Distributor
Houston, TX - June 29, 2020

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a distribution company based in California. The proceeds are being used for growth capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “The Company has an excellent management team and strong support from its venture capital firm. As the Covid crisis developed, the Company quickly transitioned from distributing sporting-related apparel to distributing protective equipment (PPE) for health care providers. We are excited about this partnership, and always appreciate the opportunity to work with a group of entrepreneurs with a vision and passion for their business.”


Amerisource Closes $4,000,000 Credit Facility for Equipment Rental Firm
Houston, TX - April 29, 2020

Amerisource Business Capital announced the closing and funding of a $4,000,000 revolving credit facility for a Texas based natural gas compression services firm.

Allison Billings, Regional Market Manager for Amerisource, stated: “We worked closely with management to provide an asset-based facility that supported working capital needs, as well as the flexibility to acquire additional equipment. They were great to work with during the process and we look forward to our partnership.” Bill Herrington, EVP of Amerisource, added, “this company is supported by a respected private equity firm and we were pleased to structure a credit facility that met their needs.”


Amerisource Closes $5,000,000 Credit Facility for Fabrication Firm
Houston, TX - April 3, 2020

Amerisource Business Capital announced the closing and funding of a $5,000,000 credit facility for a steel fabricator based in Montana. The proceeds were used to refinance existing bank debt and to support the company’s continued growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to welcome this new client. Their business has a long history of success but is asset-heavy and has challenges with inconsistent cash flows. The company’s bank continues to provide term financing for the real estate and equipment, but was no longer able to support the revolving facility. Amerisource was brought in to refinance, and increase, the revolver. The ownership has been great to work with, and they are deeply committed to the continued growth and success of the business.”


Amerisource Closes $1,000,000 DIP Facility for Limestone Quarry
Houston, TX - March 18, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 DIP credit facility for a limestone quarry based in Missouri.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We were pleased to work with the client and existing senior lender to assist the company in its restructuring plan. The quarry had some past operational issues to address and needed additional capital to get operations back online. Our DIP facility was the perfect solution, and we look forward to our continued partnership.”


Amerisource Closes $10,000,000 Credit Facility for Transportation & Logistics Firm
Houston, TX - March 18, 2020

Amerisource Business Capital announced the closing of $10,000,000 in credit facilities to complete the leveraged buyout of a transportation and logistics company located in Texas. Amerisource provided term facilities to finance the acquisition, as well as a revolver to support ongoing working capital needs.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. Amerisource worked with the buyer and its investment banker to complete the deal, and the surviving entity expects to see significant accretion to its revenue and earnings almost immediately.”


Amerisource Closes $500,000 Credit Facility for Packaging & Distribution Firm
Houston, TX - March 18, 2020

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a packager and distributor of medical supplies based in Maryland. Proceeds of the facility were used to support working capital needs.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to close this financing for this new client. The management team has over 20 years of experience in developing, branding and distributing medical products, but were not able to obtain traditional bank financing due to the startup nature of this company. We look forward to supporting this business as it pursues its growth objectives.”


Amerisource Closes $4,000,000 Credit Facility for Power Management Services Firm
Houston, TX - March 13, 2020

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a manufacturer of lift and power management systems in Texas. The proceeds were used to refinance existing bank debt and to provide additional growth capital.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this company as an Amerisource client. The management team has a ton of experience in this industry, and they were a pleasure to work with throughout the process. Bill Herrington, EVP of Amerisource added, “the private equity group backing this company is a leader in the power management space and we are looking forward to our continued partnership with them.”


Amerisource Closes $2,500,000 Credit Facility for Manufacturer
Houston, TX - February 5, 2020

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a kitchen counter manufacturer based in New York. The proceeds are being used for working capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to welcome this new client. Following a change of ownership, the Company‘s bank was unable to renew its revolver. Amerisource was approached and was able to approve and close a revolving facility in under two weeks. We have enjoyed working with the new owners and look forward to our continued partnership.”


Amerisource Closes $1,500,000 Credit Facility for Wholesaler
Houston, TX - January 24, 2020

Amerisource Business Capital announced the closing and funding of a $1,500,000 revolving credit facility for a marble and granite wholesaler in North Carolina. The proceeds of the facility are being used for working capital, with availability against accounts receivable and inventory.

Kelly Collins, Regional Market Manager for Amerisource, stated: “It was a pleasure working with the management team during the onboarding process, and we look forward to supporting the company’s continued growth.”


Amerisource Closes $1,000,000 Credit Facility for Energy Services Company
Houston, TX - December 30, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 revolving credit facility for a wind farm maintenance company based in Colorado. Proceeds of the facility are being used to support working capital.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The company has a seasoned management team and excellent financial track record, and Amerisource was able to close the facility in 10 days. We look forward to being a part of the company’s continued success.“


Amerisource Closes $2,000,000 Facility for Utility Contractor
Houston, TX - December 20, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 revolving credit facility for a utility contractor based in the upper Midwest. Proceeds of the facility are being used for growth capital.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client, which was referred to us by their consultant. Closing was achieved in just over two weeks, which allowed the company to continue its operational timeline without delay and without the need for bridge financing. We look forward to our continued partnership.“