Amerisource Business Capital announced the closing and funding of a $2,000,000 revolving credit facility for a utility contractor based in the upper Midwest. Proceeds of the facility are being used for growth capital.
Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client, which was referred to us by their consultant. Closing was achieved in just over two weeks, which allowed the company to continue its operational timeline without delay and without the need for bridge financing. We look forward to our continued partnership."