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Amerisource Closes Facility for Marine Cargo Handling Company

May 28, 2015, 07:18 AM
Filed Under: Marine

Amerisource Business Capital, the asset-based lending division of Amerisource, announced the closing and funding of a $500,000 line of credit for a marine cargo handling company in Texas.  Proceeds of the facility were used to refinance a smaller existing bank line of credit and to provide additional growth capital.  Under a very experienced management team, the company has achieved rapid growth over the past few years and needed financing in excess of traditional bank limitations.  The company was referred to Amerisource by its legal counsel.

Founded in 1984 and headquartered in Houston, Texas, Amerisource Funding 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 $15,000,000. 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.

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