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Amerisource Closes $500,000 Facility for Consumer Electronics Distributor

December 05, 2016, 07:20 AM
Filed Under: Distribution

Amerisource Funding announced the closing and funding of a $500,000 asset-based revolver for a New York based importer and distributor of consumer electronics.  The company designs, imports and distributes consumer electronics to major US retailers. After exhausting internal and external funding resources due to its rapid growth, the company’s depository bank suggested Amerisource as an excellent source for its financing.  With Amerisource’s funding and quick turnaround time, the company is able to continue its exponential growth and meet terms with its suppliers. Once again, Amerisource shows they are Financing America’s Fastest Growing Companies.

Amerisource is one of the largest independent finance companies in the nation, having provided over $6 billion in capital to borrowers and clients through both its Asset Based Lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource prides itself on outstanding client service and boasts an industry-best client retention rate in excess of 48 months. Amerisource Funding has offices located throughout the United States.

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