Amerisource Closes $1,250,000 Facility for an Oil & Gas Parts Manufacturer

Release date: 03/23/2016

Amerisource Closes $1,250,000 Facility for an Oil & Gas Parts Manufacturer

Houston, TX, April, 2016 – Amerisource announced the closing and funding of a $1,250,000 credit facility for a parts manufacturer in the oil & gas industry in Nevada.  Proceeds of the credit facility were used to refinance the company’s existing bank debt and to provide additional working capital for growth.

The Company needed a larger line of credit to facilitate its continued growth.  The Company was referred to Amerisource by its consultant when the Company’s bank was unable to accommodate the increased credit line request due to general financial stress in the oil and gas industry.

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 $15,000,000. Core products include asset-based lending revolversaccounts receivable factoring, seasonal bank “over-lines”, outsourced A/R, credit and collections management, debtor-in-possession (“DIP”) financing, trade finance for importers, and export financing. Amerisource also provides portfolio management and servicing for banks through its private label program Lender’s Choice®  and portfolio acquisitions and liquidations.

Contact:

Jaylene Cyr (713) 863 8300 Ext. 239
jcyr@amerisource.us.com