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Amerisource Provides $2MM Facility for Transportation Operator

June 11, 2014, 07:08 AM
Filed Under: Transportation
Related: AmeriSource

Amerisource announced that it closed and funded a $2 million revolving credit facility to a transportation company based in Michigan.
The company, which provides general over-the-road freight transportation, recently expanded its operations and required greater access to working capital. Proceeds of the facility were used to refinance the Company's outstanding factoring obligations and to fund ongoing working capital needs.
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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