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Amerisource Closes $1MM Bridge Loan for Renewable Energy Services Firm

January 09, 2023, 07:50 AM
Filed Under: Energy

Amerisource Business Capital closed and funded a $1,000,000 bridge loan facility for a Texas-based renewable energy services firm. The proceeds were used to support the company’s growth and working capital needs.  

Allison Billings, Regional Market Manager for Amerisource, stated: “This newly established company is backed by a strong private equity group and seasoned management team.” Bill Herrington, EVP of Amerisource added, “We approved, documented, and funded this loan in 48 hours with our bridge loan product which is designed to immediately address liquidity needs prior to putting a larger and permanent working capital facility in place.”

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