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Amerisource Closes $3MM Credit Line for Hosiery Manufacturing Company

June 08, 2015, 07:11 AM
Filed Under: Apparel

Amerisource Funding announced the closing and funding of a $3 million senior secured revolving line of credit for a North Carolina based Hosiery Company. The company is one of the oldest hosiery manufactures in the nation and is experiencing growth with innovative new products. The line of credit will provide ongoing working capital support for the company’s rapidly expanding product lines. The company was referred to Amerisource by its banker.

Founded in 1984 and headquartered in Houston, Texas, Amerisource Funding 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 $15 milllion. 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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