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Amerisource Closes $750,000 Credit Facility for Software Services Company

June 03, 2016, 07:40 AM
Filed Under: Technology

Amerisource announced the closing and funding of a $750,000 line of credit for a software services company located in California.  The Company develops mobile applications for its clients and has been growing rapidly.  The company was referred to Amerisource by its banker when it was unable to obtain a large enough bank line of credit.  Proceeds of the new credit facility were used primarily to expand the company’s staff of programmers.

Amerisource is one of the largest independent finance companies in the nation, having provided over $6 billion in capital to borrowers and clients through both its Asset Based Lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding).  Amerisource prides itself on outstanding client service and boasts an industry-best client retention rate in excess of 48 months.  Amerisource Funding has offices located throughout the United States.

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