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Amerisource Closes $1MM Credit Facility for Bioscience Firm

November 03, 2021, 07:30 AM
Filed Under: Biotechnology
Related: bioscience, Texas

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Texas-based Bioscience firm.  The proceeds were used to support growth and working capital needs.
Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to announce our relationship with this rapidly growing biotech company.  We delivered an easy underwriting and approval process, eliminating the cumbersome traditional bank financing process, and allowed the Company’s management team to instead focus on growing their business.”
Bill Herrington, EVP for Amerisource, added: “We are pleased to onboard this new client. Amerisource worked closely with their management team and structured a flexible solution to support the Company’s growth and continued success.”

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