Amerisource Completes $3,000,000 Credit Facility for Transportation Firm

Release date: February 11, 2018

Amerisource Completes $3,000,000 Credit Facility for Transportation Firm
We are very happy to announce the closing and funding of a $3,000,000 credit facility for a transportation and logistics firm based in upstate New York. The company was introduced to us by its banker. Proceeds from the facility were used to refinance the Company’s bank line of credit and for additional growth and working capital.

Andy Allaire, Market Manager for Amerisource, stated:

“We are pleased to be working with this Company and its bank. Amerisource was able to deliver an asset-based revolver structure that provided greater flexibility and enabled the Company to continue its growth aspirations. And the bank was able to retain the deposit relationship, so it was a great result for all three parties.”

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.