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Amerisource Closes $1 Million Facility for Wholesale Fuel & Service Provider

June 09, 2016, 07:44 AM
Filed Under: Energy

Amerisource announced the closing and funding of a $1 million revolving line of credit for a wholesale fuel and service provider.  The company supplies wholesale fuel and supplies equipment and services to highway and civil construction companies in Texas. 

With growth in construction in central Texas, the company needed to increase working capital to support its rapid growth.  The company’s existing bank was unable to accommodate an increase in its line of credit, so the Company’s consultant brought in Amerisource as a more flexible financing option.  Proceeds of Amerisource’s credit facility were used to refinance the company’s existing bank line of credit and provide additional working capital. 

“We are very excited to have this client on board,” said Allison Billings, regional market manager at Amerisource.  “This is a great example of Amerisource’s ability to move quickly and provide Freedom to Grow to our clients.”

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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