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Amerisource Provides $5MM Revolver to Texas-Based Refinery Maintenance Firm

August 01, 2017, 07:16 AM
Filed Under: Oil & Gas

Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $5 million 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.”

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