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Amerisource Funding Announces Recent Closing

October 16, 2013, 07:29 AM

Amerisource announced the closing and funding of a $750,000 A/R factoring facility for an underground utility servicer. Proceeds of the facility were used to fund ongoing working capital. The company, located in Indiana, had historically been able to finance its business without any debt. However, increased sales with two of its major customers led to the Company seeking additional working capital to support the growth. The company cited low cost and certainty of closing as the two primary reasons for selecting Amerisource for the financing.

About Amerisource 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. Core products include asset-based lending revolvers, accounts receivable factoring, seasonal bank "over-lines", outsourced A/R, credit and collections management, debtor-in-possession ("DIP") financing, trade finance for importers, and export factoring. Amerisource also provides portfolio management and servicing for banks through its private label program America's Back-Office for LendersTM, portfolio acquisitions and liquidations.

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