Amerisource announced the closing and funding of a $1 million A/R factoring facility for an IT and administrative staffing agency based in Arizona. 
 
The company had been financed by the ABL division of a large bank, but the company's borrowings were no longer large enough for the bank to maintain, so the bank brought in Amerisource as a low-cost alternative.  Amerisource quickly structured a high advance rate facility, which allowed additional working capital for the company after the bank debt was refinanced.
 
Founded in 1984 and headquartered in Houston, TX, Amerisource is one of the largest and fastest-growing independent commercial finance companies in the country.  Amerisource provides working capital financing and outsourced receivables management to small and middle market companies with financing needs from $50,000 to $10,000,000.