Amerisource Completes $250,000 Credit Facility for Oil Field Services Company

Release date: November 21, 2017

Amerisource Completes $250,000 Credit Facility for Oil Field Services Company
Amerisource Business Capital announced the closing and funding of a $250,000 asset based revolver for a Colorado-based drilling company.

The start-up company, which provides a variety of drilling and hydrovac services, was seeking a larger line of credit to finance its continued rapid growth. The company approached Amerisource following a referral from its consultant.

Nic Wager, Market Manager for Amerisource, stated:

“The client was looking for a quick turnaround to fund their expanding sales. With the consultant’s help, we were able to close and fund in just eight days. We look forward to supporting this business as it continues to grow and thrive.”

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.