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Amerisource Business Capital Closes $1MM Credit Facility for Steel Fabrication Firm

March 29, 2019, 08:55 AM
Filed Under: Steel

Amerisource Business Capital announced the closing and funding of a $1 million 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 credit facility. The company is a former customer of Amerisource and the management team appreciated our prior relationship as well our understanding 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 is one of the largest independent finance companies in the nation, having provided over $7 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has offices located throughout the United States.

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