Amerisource Closes $750,000 Facility for Fabric Manufacture

Release date: 1/28/2015

Amerisource Closes $750,000 Facility for Fabric Manufacture

Houston, TX, January 28, 2015 – Amerisource announced the closing and funding of a $750,000 line of credit for a 30-year-old fabric manufacturer.  The company is foreign-owned, but based in North Carolina, and provides fabric to one of the largest furniture manufacturers in the industry.  Over the last ten years, the Company has experienced rapid growth, outpacing what its bank was able to provide.  The bank was willing to maintain term debt, so Amerisource negotiated an intercreditor agreement to enable the financing.
Because of this access to new capital, the Client is positioned to pursue new sales opportunities aggressively.

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:

Marilyn Davis (713) 863 8300 Ext. 243
mdavis@amerisource.us.com