Amerisource Closes $250,000 New Line of Credit for Molded Parts Company

Release date: 05/18/2016

Amerisource Closes $250,000 New Line of Credit for Molded Parts Company

Houston, TX, April, 2016 – Amerisource announced providing a $250,000 line of credit to a company is an Upstate New York that are a manufacturer of plastic injection molded parts for original equipment manufacturer.  The company experienced a couple of years of losses.  As they started to grow revenue and return to profitability, the company was looking for additional working capital.  Their existing lender referred the company to Amerisource as a flexible source of financing.

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