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Amerisource Closes $2.5MM Facility for Wireless Data Transfer Company

February 21, 2014, 07:38 AM
Filed Under: Technology

Amerisource announced the closing and funding of a $2.5 million revolving line of credit for a manufacturer of radio frequency ID tags for commercial and industrial markets, headquartered in Delaware. Proceeds of the facility were used to finance ongoing working capital needs.

The company, owned by an international investment group, has expanded into the United States and has a large, well established and global customer base. With limited availability of personal or corporate guarantees, Amerisource was the right financial partner to help support the company’s continued growth.

Founded in 1984 and headquartered in Houston, Texas, 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.

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