Amerisource Completes $9,000,000 Credit Facility for Transportation Company

Release date: April 6, 2018

Amerisource Completes $9,000,000 Credit Facility for Transportation Company
We recently announced the closing and funding of a $9,000,000 ABL credit facility for a transportation Company in the Midwest. The proceeds from this facility were used to support the Company’s continued growth.

Nic Wagner, Market Manager for Amerisource, stated:

“This client is growing on all fronts — real estate, trucks, trailers, employees, and through acquisitions. As collateral lenders, we are able to provide growth capital free of financial covenants, which will allow this client to reach their goal of 50% revenue growth over each of the next two years. The banks involved were happy to finance the equipment and real estate terminal, leaving the working capital financing needs to Amerisource.”

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.