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Amerisource Closes $2MM Facility for Manufacturer

April 28, 2014, 07:28 AM
Filed Under: Manufacturing

Amerisource announced that it closed and funded a $2 million credit facility for a manufacturer of fire-resistant textiles and plastics based in North Carolina.
Proceeds of the facility were used for ongoing working capital needs. The company’s management team had been in this business for over 30 years and saw an opportunity to expand the company’s product reach into the auto industry. The company’s banker brought in Amerisource as the financing solution. With limited guarantees available from the company’s foreign ownership, Amerisource was a perfect financial partner for this growing business.
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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