Amerisource Reports New Business Results for the Second Quarter of 2011

Release date: July 7, 2011

“Market conditions continue to be tough for small and middle market businesses seeking traditional bank financing, and many of these business owners have a markedly negative outlook on  future credit availability,” said D. Michael Monk, managing director. “Amerisource continues to provide a stable, reliable and cost-effective alternative or supplement to traditional bank lines of credit.  Even in these difficult times, our flexible financing structures allow entrepreneurs the ability to not only finance existing business, but also to grow.  I’m pleased to say that we continue to have great success in finding and approving new clients, and our pipeline of new business remains strong.”

With nearly $3 billion in A/R financed and aggregate historic bad debt losses of less than 0.12%, Amerisource continues to be one of the largest independent commercial finance companies in the country.

Details on some of these new clients can be found below.

Referral Source:  Company’s Consultant


  • A family-owned fuel distributor; in business since 1954
  • Solid customer base in multiple states
  • The Company’s bank line of credit not large enough to finance the Company’s continuing business growth

Approval Period:  4 business days, additional 7 to fund

Result:  When this fuel distributor’s bank was unable to provide the needed working capital, the Company’s consultant referred them to Amerisource.  Now the Company’s operations are really “flowing!”

Referral Source:  Company’s Consultant


  • Manufacturer of ceramic igniters and gas ignition safety controls; in business since 1972
  • Company had a $3.9 million working capital facility with a local bank
  • After several acquisitions, this Company needed to increase its credit facility, but its bank was unable to do so

Approval Period:  5 business days, additional 6 to fund

Result: This manufacturer was expanding more quickly than its existing bank line of credit could handle, and it needed addtional funds for continued growth.  Amerisource approved a $7,000,000 credit facility and gave the Company access to the working capital it needed to continue financing its growth.  Business has ignited, and the Company is prepared for a red-hot year!


About Amerisource Funding
Amerisource is one of the largest independent finance companies in the nation, having provided over $6 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 48 months. Amerisource Funding has offices located throughout the United States.

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Jaylene Cyr (713) 863 8300 Ext. 239