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Amerisource Provides $1MM in Working Capital to National Advertising, Media Firm

November 29, 2017, 07:00 AM
Filed Under: Media

Amerisource announced the closing and funding of a $1,000,000 credit facility for a nationwide advertising and media company.  Proceeds of the facility are being used to finance working capital and projected growth.
Established in 2015, the company provides media support to digital and print advertising agencies. Amerisource was introduced to the company through its banker. 
Andy Allaire, Market Manager for Amerisource, stated: “We are pleased to provide this facility for the company.  The company is high growth, but with uneven profits and thin capital base.  This profile does not fit within traditional bank parameters, but it fits very well with what Amerisource is able to deliver, and we were able to close the facility very quickly for them.  We appreciate the referral from their banker, and we look forward to partnering with this company as they execute on future growth plans.”

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