FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Amerisource Closes $3MM Credit Facility for Membrane Manufacturer

November 12, 2020, 08:10 AM
Filed Under: Manufacturing

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a Texas-based fabricator of membranes used in water treatment facilities.  The Company, owned by a foreign parent, was seeking an asset based facility to secure working capital.
Daniel Martinez, Regional Market Manager for Amerisource, stated: “Working with a newly formed U.S. company which is owned by a foreign parent posed its challenges, especially given the issues around Covid 19. But, with the flexibility Amerisource offers, we were able to secure a partnership with a company which is poised to grow rapidly in the U.S. We provided a creative structure that was chosen over multiple other offers from competitors.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.