August 18, 2017
Houston, TX – In mid-August 2017, Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $250,000.00 asset based revolver for a transportation firm. The firm was newly established in 2016 and is based in upstate New York.
The firm was seeking a line of credit with their bank to help fund the growth of their business. However, as a start-up, they found it challenging to obtain funds from their bank. After a referral, Amerisource was able to provide a flexible solution and provide the firm with the working capital required to support their continued growth.
Andy Allaire, Amerisource’s Market Manager, stated: “We were pleased to be able to provide this new credit facility. We are helping this newly established trucking company grow the business. Additionally, we are helping their banker as the bank was not able to provide the credit, but they will benefit from the increased deposits.”