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Amerisource Completes $1MM Credit Facility for Pipe Cutting Company

June 15, 2018, 06:59 AM
Filed Under: Manufacturing

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a pipe cutting and onsite assembly company in Texas.  Proceeds of the facility were used to support continued business growth.
Daniel Martinez, Market Manager for Amerisource, stated: “The Company’s banker called us when he realized his bank couldn’t finance the Company’s ongoing growth rate. The bank benefited by gaining new treasury management business and deposit accounts. In addition, we were able to introduce a partner to refinance the Company’s real estate. We’ve enjoyed working with the Company throughout this process, and we look forward to continuing our partnership as they expand.”

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