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Amerisource Closes Credit Facility for Sports Equipment Company

Date: Apr 20, 2016 @ 07:31 AM
Filed Under: Manufacturing

Amerisource announced the closing and funding of a $850,000 asset-based revolver for a sports equipment designer and distributor in California.  The company was introduced to Amerisource by a commercial banker, as the company’s investors would not provide personal guarantees required by the bank.

The larger facility provided by Amerisource allowed the company to move forward with its sales expansion plans, while preserving its relationship with its investors.

Founded in 1984 and headquartered in Houston, Amerisource Funding is one of the largest and fastest-growing independent commercial finance companies in the country. Amerisource provides working capital financing and outsourced receivables management to small and middle market companies with financing needs from $50,000 to $15 million. Core products include asset-based lending revolvers, accounts receivable factoring, seasonal bank "over-lines", outsourced A/R, credit and collections management, debtor-in-possession ("DIP") financing, trade finance for importers, and export factoring. Amerisource also provides portfolio management and servicing for banks through its private label program America's Back-Office for Lenders™ and portfolio acquisitions and liquidations.

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