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Amerisource Closes $1MM Facility for Multi-State Staffing Agency

November 19, 2014, 07:04 AM
Filed Under: Staffing Services

Amerisource Funding announced the closing and funding of a $1 million line of credit for a multi-state staffing agency operating throughout the Midwest. 

The company provides professional staffing services for the manufacturing, construction, logistics and auto industries.  Over the last decade, the company has seen significant growth in revenue and has expanded its operations from one office in Ohio to multiple branches throughout several states.

The company’s previous lender had introduced new financial reporting criteria, which would have led to significantly higher operating costs for the company.  The company’s consultant brought in Amerisource to refinance the previous lender and provide additional working capital to fund 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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