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


Amerisource Closes $1MM Credit Facility for Technology Firm

May 17, 2022, 07:20 AM
Filed Under: Technology

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Maryland-based data solutions firm.  The proceeds were used to provide working capital for the company’s rapid growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this fast-growing company and its respected private equity sponsor.”  Bill Herrington, EVP of Amerisource, added,   “Based on the strength of the client’s signed contracts and its software and hardware platform, we were able to extend a term facility under our SAAS term loan product. ”  

Comments From Our Members

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