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Amerisource Closes $1MM Facility for Quality Control Provider

March 28, 2014, 07:14 AM
Filed Under: Specialty Industries

Amerisource announced that it closed and funded a $1 million revolving credit facility for a provider of containment, sorting, repair and inspection services to the automotive and consumer products industries.  Proceeds of the facility were used for ongoing working capital. 

Based in Mississippi, the company has experienced tremendous growth over the past two years and has financed this growth internally.  The company was referred to Amerisource by its consultant in order to provide additional working capital support.

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 Lenders, portfolio acquisitions and liquidations.

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