Amerisource Announces $1,000,000 Credit Facility for Nationwide Advertising and Media Company

Release date: November 27, 2017

Amerisource Announces $1,000,000 Credit Facility for Nationwide Advertising and Media Company
Amerisource announced the closing and funding of a $1,000,000 credit facility for a nationwide advertising and media company. Proceeds of the facility are being used to finance working capital and projected growth.

Established in 2015, the company provides media support to digital and print advertising agencies. Amerisource was introduced to the Company through its banker.

Andy Allaire, Market Manager for Amerisource, stated:

“We are pleased to provide this facility for the Company. The Company is high growth, but with uneven profits and thin capital base. This profile does not fit within traditional bank parameters, but it fits very well with what Amerisource is able to deliver, and we were able to close the facility very quickly for them. We appreciate the referral from their banker, and we look forward to partnering with this Company as they execute on future growth plans.”

About Amerisource Funding | Amerisource Business Capital
Amerisource is one of the largest independent finance companies in the nation, having provided over $7 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 50 months. Amerisource Funding has offices located throughout the United States. www.amerisource.us.com