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Amerisource Closes $5MM Facility for Freight Logistics Company

January 21, 2014, 07:17 AM
Filed Under: Transportation

Amerisource announced the closing and funding of a $5 million revolving credit facility for a transportation and logistics company headquartered in California. 

This growing company has experienced tremendous growth with a Fortune 100 customer base and needed a financing partner that had the ability to grow with it. Proceeds of the facility were used to finance ongoing working capital. 

Founded in 1984 and headquartered in Houston, TX, Amerisource 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 $10 million. 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 America's Back-Office for LendersTM, portfolio acquisitions and liquidations.

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