Recent News


Amerisource Closes $1,000,000 Credit Facility for Specialty Manufacturing Company
Houston, TX - October 30, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a component parts manufacturer based in New York. Proceeds of the facility are being used to support working capital and sales growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client to the Amerisource family. Referred to us by the Company’s depository bank, the Company has a seasoned management team, but foreign ownership and limited operating history. With conventional bank financing not yet available, Amerisource was the perfect solution to ensure the Company had capital to support its growth. We look forward to growing our partnership with this great Company.“


Amerisource Closes $25,000,000 Credit Facility for Oil Field Services Company
Houston, TX - October 23, 2019

Amerisource Business Capital announced the closing and funding of a $25,000,000 credit facility for an oil field services company based in Texas and Oklahoma.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The company’s existing lender is exiting the oil & gas lending business. We worked closely with management, the private equity ownership group, and the existing term lenders to structure a facility that met all of their refinancing and growth capital needs.“

Bill Herrington, EVP of Amerisource, added, “We are based in Texas and understand the unique needs of the energy business. We look forward to partnering with this client and helping them achieve their growth and business objectives.”


Amerisource Closes $1,000,000 Credit Facility for Developer Company
Houston, TX - October 23, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a web and applications developer based in Illinois. Proceeds of the facility are being used to support the Company’s growth.

Danilo Chang, Regional Market Manager for Amerisource, stated “We are excited to welcome this new client. Their continued growth necessitated a financing partner able to provide a flexible and floating line, and we were pleased to provide this solution. We look forward to support their continued growth plans.”


Amerisource Business Capital Announces Acquisition of Two Specialty Finance Businesses from MidSouth Bank
Houston, TX - October 17, 2019

Amerisource Business Capital announced the acquisition of two specialty finance business units from MidSouth Bank, based in Lafayette, Louisiana. The two acquisitions included loan portfolios of over 1200 commercial borrowers. In conjunction with the acquisition, three key members of the specialty finance units have joined Amerisource Business Capital and are based in Amerisource’s new office in Lafayette, Louisiana.

Bill Herrington, EVP of Amerisource, stated, “We are excited about this acquisition as it broadens and deepens our roots in the Louisiana market, an attractive and well known area to us that aligns perfectly with our long term growth objectives.”

Michael Monk, Managing Partner of Amerisource added, “This acquisition immediately expands our product offerings and capabilities, as well as our footprint in the Louisiana market. The team at MidSouth Bank built two great business units over the past decade, and they were terrific to work with throughout this process. Our new office and team members in Lafayette are already up and running and will continue to serve the existing customer base and greater Louisiana market. We look forward to providing the same outstanding service and support to these growing companies that we have to our other clients over the past 35 years.”

Jim McLemore, former President and CEO of MidSouth Bank, stated, “The team at Amerisource was responsive, closed quickly, and was a pleasure to work with. And, as one of the most respected independent lenders we know, we are confident Amerisource will be a great partner for these former MidSouth Bank customers and employees.”


Amerisource Closes $1,000,000 Credit Facility for Distribution Company
Houston, TX - October 10, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a growing distribution and warehousing company based in California and Georgia. Proceeds of the facility were used to refinance existing bank debt and to support increased working capital needs.

Lori Lemuel, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new client, and we look forward to partnering with them to achieve their business growth objectives.”


Amerisource Closes $2,000,000 Credit Facility for Manufacturing Company
Houston, TX - September 30, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a hardware manufacturing company based in California. Proceeds of the facility are being used to support working capital and sales growth.

Danilo Chang, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The client has foreign ownership and is growing very quickly, which created some challenges for conventional bank financing. The Amerisource team delivered a very creative financing solution, and we are looking forward to our partnership with this growing business.”


Amerisource Closes $3,000,000 Credit Facility for Transportation Company
Houston, TX - September 24, 2019

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a long haul trucking company based in Ohio. Proceeds of the facility are being used to finance an acquisition.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new client to Amerisource. We structured an asset based revolver which provided funds for an acquisition as well as working capital expansion. We look forward to our partnership and supporting the company’s continued growth needs."


Amerisource Closes $500,000 Credit Facility for Fabrication Company
Houston, TX - September 16, 2019

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a custom equipment fabrication company based in Texas. Proceeds of the facility are being used to support their working capital growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this local company and its experienced management team. We have enjoyed working with the new owners during the onboarding process and are pleased to welcome them to the Amerisource family.“


Amerisource Closes $2,000,000 Credit Facility for Medical Research Company
Houston, TX - August 14, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for a medical research and record retrieval company based in Texas. Proceeds of the facility are being used to support the company’s significant growth plans.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “Amerisource was able to provide a customized solution for this unique and specialized research company which will allow its growth trajectory to continue."


Amerisource Closes $3,500,000 Credit Facility for Manufacturing Company
Houston, TX - August 12, 2019

Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a speciality manufacturing company based in New York. Proceeds of the facility are being used to support their growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “Amerisource was able to offer a flexible financing structure which allowed the company to maintain its existing banking relationship. We look forward to working together and supporting their continued growth.“


Amerisource Closes $5,000,000 Credit Facility for Specialty Manufacturing Company
Houston, TX - August 9, 2019

Amerisource Business Capital announced the closing and funding of a $5,000,000 credit facility for a manufacturing company based in Texas which supports the LNG industry. Proceeds of the facility were used to refinance the Company’s existing bank revolver and term facility and for additional growth capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The business has a seasoned management team, long history and strong balance sheet. They had been looking for more flexible growth capital than their bank was able to provide. Amerisource provided a $3,000,000 revolver against A/R and inventory, as well as a $2,000,000 term facility secured by real estate, machinery and equipment.“

“With our home office based in Texas, Amerisource is uniquely positioned to support the energy industry. We look forward to partnering with this client and helping them achieve their growth and business objectives,” said Bill Herrington, Executive Vice President for Amerisource.


Amerisource Closes $1,000,000 Credit Facility for Manufacturing Company
Houston, TX - July 26, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a precision parts design and manufacturing company based in New York. The Company was recently acquired by a private equity firm, and proceeds of the new facility will be used for additional growth capital.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new relationship. The new ownership has a solid track record in acquiring and growing their portfolio companies. Amerisource is pleased to be in a position to provide the needed growth capital.“


Amerisource Closes $3,000,000 Credit Facility for Energy Services Transportation Company
Houston, TX - July 11, 2019

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a transportation company based in Colorado. Proceeds of the facility are being used to support their rapid growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “The Company was looking for a flexible financing partner to refinance higher cost debt and support its continued growth. Our roots are deep in the energy industry, so this is an ideal relationship for us. We look forward to working with the Company to achieve its goals.”


Amerisource Closes $1,000,000 Credit Facility for Staffing Company
Houston, TX - June 4, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for an employment agency based in Missouri. Proceeds of the facility were used to refinance existing bank debt and to provide additional working capital for ongoing operations and growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to provide this credit facility to the client, and we were fortunately able to structure and close the facility very quickly. As an employment agency, our client was very familiar with the ABL structure, and the incumbent bank was helpful and responsive in the transition of the facility to Amerisource, while maintaining the deposit relationship. We look forward to a long-lasting relationship as the client pursues its growth objectives.”


Amerisource Closes $1,000,000 Credit Facility for Transportation Company
Houston, TX - April 29, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a transportation company based in Oklahoma. Proceeds of the facility are being used to support working capital and growth needs.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client to the Amerisource family. The company was introduced to us by an existing Amerisource client, which is always a good start to a new relationship. The company has experienced rapid sales growth over the past two years and needed access to additional working capital. We were delighted to provide a solution, and we look forward to our continued partnership”.


Amerisource Closes $2,000,000 Credit Facility for Fuel Distribution Company
Houston, TX - April 4, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 revolving credit facility for a Fuel Distribution Company based in Texas. Proceeds of the facility are being used to support working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this growing company to the Amerisource family. This new client was a referral from another long-standing client of Amerisource, just highlighting one of our core competencies — keeping customers happy with outstanding and consistent customer service, flexible financing structures and dependable capital. It was a pleasure working with the owners and management team during the onboarding process, and we look forward to partnering with them as they continue to grow”.


Amerisource Closes $1,000,000 Credit Facility for Aviation Company
Houston, TX - April 3, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a commercial aviation services company based in Texas. Proceeds of the facility are being used for growth and working capital.

Allison Billings, Regional Market Manager for Amerisource, stated: ”We were pleased to provide this credit facility to meet the client’s immediate needs and to support upcoming growth. The company was referred to Amerisource by its banker. The transaction required a rapid underwriting timeline, which was one of the reasons the client selected Amerisource among its other referred lenders. We are happy to welcome this great team onboard, and we look forward to our partnership as their growth continues“.


Amerisource Closes $1,000,000 Credit Facility for Steel Fabricator
Houston, TX - March 28, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a steel fabrication company based in Texas. Proceeds of the facility are being used for growth capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to provide this Houston-based family and company with this senior facility. The Company was a former customer of Amerisource and we had an excellent relationship. The management team appreciated our prior relationship and speed in underwriting the facility, as well our understanding and appreciation of their concentration risks in the oil and gas industry. I look forward to our partnership in the years to come as their Company continues to grow.”


Amerisource Completes $1,000,000 Credit Facility for Import Company
Houston, TX - March 13, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an apparel importer based in California. This is a new venture started by an experienced management team who has successfully partnered with Amerisource on previous enterprises. Proceeds of the facility are being used to fund working capital and projected growth.

Kelly Collins, Regional Market Manager for Amerisource, stated: “We are very happy to partner with this management team again, and we look forward to assisting them to grow another successful venture.”


Amerisource Completes $1,500,000 Credit Facility for Manufacturer & Distributor
Houston, TX - March 8, 2019

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a New York based manufacturer and distributor of electrical components. Proceeds of the facility are being used for growth capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “This firm has a solid management team and strong equity partners, but lacked adequate working capital. We are pleased to partner with and support them as they continue to grow.”


Amerisource Completes $600,000 Credit Facility for Manufacturing Company
Houston, TX - March 7, 2019

Amerisource Business Capital announced the closing and funding of a $600,000 credit facility for a New York based manufacturer of component parts for the aerospace, commercial, military and transportation industries. Proceeds of the facility are being used to fund working capital and growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to provide this revolver to our newest client. The company is a 2nd generation business with a seasoned management team and top tier customers. We look forward to our partnership and supporting the Company’s continued growth financing needs.”


Amerisource Completes $1,000,000 Credit Facility for Textile Processing Company
Houston, TX - January 18, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility to finance the acquisition of a textile processing company based in North Carolina.

Kelly Collins, Regional Market Manager for Amerisource, stated: “This 30-year old business has been very successful. We are excited to partner with the new ownership to finance the Company’s transition and continued growth.”


Amerisource Completes $3,500,000 Credit Facility for Wholesale Fuel Distribution Company
Houston, TX - January 16, 2019

Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a wholesale fuel distribution company based in Texas. Proceeds of the facility will be used for working capital and to support their rapid growth including a letter of credit sublimit to support a vendor.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are excited to deliver a capital solution to this new client, and we look forward to partnering with the management team to achieve their growth plans.”


Amerisource Completes $500,000 Credit Facility for Mechanical Repair Company
Houston, TX - January 11, 2019

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a mechanical repair and service company based in Texas. Proceeds of the facility will provide working capital to support growth. Amerisource also issued a standby letter of credit to a key supplier.

Justin Carter, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this Client to the Amerisource family. Their recent addition of two new partners has created tremendous business growth, and we look forward to providing the financing needed to support that growth.”


Amerisource Completes $4,000,000 Credit Facility for Oil Field Services Company
Houston, TX - January 3, 2019

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for an oil field services company based in Oklahoma. Proceeds of the facility are being used for working capital and growth financing.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The company’s ownership and management team are seasoned and well positioned to accelerate business growth. They’ve been a great partner to work with, and we are pleased our new facility will play a key role in achieving that growth. We look forward to working together and seeing them succeed.”