Recent News


Amerisource Closes $2,000,000 Credit Facility for Fuel Distribution Company
April 4, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 revolving credit facility for a Fuel Distribution Company based in Texas. Proceeds of the facility are being used to support working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this growing company to the Amerisource family. This new client was a referral from another long-standing client of Amerisource, just highlighting one of our core competencies — keeping customers happy with outstanding and consistent customer service, flexible financing structures and dependable capital. It was a pleasure working with the owners and management team during the onboarding process, and we look forward to partnering with them as they continue to grow”.


Amerisource Closes $1,000,000 Credit Facility for Aviation Company
April 3, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a commercial aviation services company based in Texas. Proceeds of the facility are being used for growth and working capital.

Allison Billings, Regional Market Manager for Amerisource, stated: ”We were pleased to provide this credit facility to meet the client’s immediate needs and to support upcoming growth. The company was referred to Amerisource by its banker. The transaction required a rapid underwriting timeline, which was one of the reasons the client selected Amerisource among its other referred lenders. We are happy to welcome this great team onboard, and we look forward to our partnership as their growth continues“.


Amerisource Closes $1,000,000 Credit Facility for Steel Fabricator
March 28, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a steel fabrication company based in Texas. Proceeds of the facility are being used for growth capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to provide this Houston-based family and company with this senior facility. The Company was a former customer of Amerisource and we had an excellent relationship. The management team appreciated our prior relationship and speed in underwriting the facility, as well our understanding and appreciation of their concentration risks in the oil and gas industry. I look forward to our partnership in the years to come as their Company continues to grow.”


Amerisource Completes $1,000,000 Credit Facility for Import Company
March 13, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an apparel importer based in California. This is a new venture started by an experienced management team who has successfully partnered with Amerisource on previous enterprises. Proceeds of the facility are being used to fund working capital and projected growth.

Kelly Collins, Regional Market Manager for Amerisource, stated: “We are very happy to partner with this management team again, and we look forward to assisting them to grow another successful venture.”


Amerisource Completes $1,500,000 Credit Facility for Manufacturer & Distributor
March 8, 2019

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a New York based manufacturer and distributor of electrical components. Proceeds of the facility are being used for growth capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “This firm has a solid management team and strong equity partners, but lacked adequate working capital. We are pleased to partner with and support them as they continue to grow.”


Amerisource Completes $600,000 Credit Facility for Manufacturing Company
March 7, 2019

Amerisource Business Capital announced the closing and funding of a $600,000 credit facility for a New York based manufacturer of component parts for the aerospace, commercial, military and transportation industries. Proceeds of the facility are being used to fund working capital and growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to provide this revolver to our newest client. The company is a 2nd generation business with a seasoned management team and top tier customers. We look forward to our partnership and supporting the Company’s continued growth financing needs.”


Amerisource Completes $1,000,000 Credit Facility for Textile Processing Company
January 18, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility to finance the acquisition of a textile processing company based in North Carolina.

Kelly Collins, Regional Market Manager for Amerisource, stated: “This 30-year old business has been very successful. We are excited to partner with the new ownership to finance the Company’s transition and continued growth.”


Amerisource Completes $3,500,000 Credit Facility for Wholesale Fuel Distribution Company
January 16, 2019

Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a wholesale fuel distribution company based in Texas. Proceeds of the facility will be used for working capital and to support their rapid growth including a letter of credit sublimit to support a vendor.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are excited to deliver a capital solution to this new client, and we look forward to partnering with the management team to achieve their growth plans.”


Amerisource Completes $500,000 Credit Facility for Mechanical Repair Company
January 11, 2019

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a mechanical repair and service company based in Texas. Proceeds of the facility will provide working capital to support growth. Amerisource also issued a standby letter of credit to a key supplier.

Justin Carter, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this Client to the Amerisource family. Their recent addition of two new partners has created tremendous business growth, and we look forward to providing the financing needed to support that growth.”


Congratulations to our 21st Annual College Football Bowl Challenge Winners
January 8, 2019

We hope everyone enjoyed the 2018 Amerisource College Football Bowl Challenge. It was definitely one for the record books! Thanks again to everyone for participating. We appreciate your support!

$1500 Winner - Christopher Quinn
The Claro Group, LLC
Christopher donated $250 of his winnings to charity. Amerisource has matched Christopher's donation for a total of $500 donated! Thank you, Christopher!

$750 Winner - Christopher Coutu
Hudson Place Financial, LLC
Christopher donated $250 of his winnings to charity. Amerisource has matched Christopher's donation for a total of $500 donated! Thank you, Christopher!

$500 Winner - Brett Kacura
Alium Batteries
All winnings to charity! Amerisource has matched Brett's donation for a total of $1000 donated! Thank you, Brett!


Amerisource Completes $4,000,000 Credit Facility for Oil Field Services Company
January 3, 2019

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for an oil field services company based in Oklahoma. Proceeds of the facility are being used for working capital and growth financing.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The company’s ownership and management team are seasoned and well positioned to accelerate business growth. They’ve been a great partner to work with, and we are pleased our new facility will play a key role in achieving that growth. We look forward to working together and seeing them succeed.”


Amerisource Completes $1,000,000 Credit Facility for Energy Services Company
November 9, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a geological services company in Oklahoma. Proceeds of the facility are being used for working capital needed to support sales growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We were pleased to provide this credit facility to allow the client to prepare for significant revenue growth. And our flexible facility structure lacks non-use fees, so our client can manage its expenses if the additional growth is not as robust as predicted. We look forward to partnering with them through this exciting time in their business.“


Amerisource Completes $1,000,000 Credit Facility for Food Services Company
October 31, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a seafood processing company based in Washington. Proceeds of the facility are being used for working capital and growth financing.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new client aboard. The Company has a seasoned management team, and the private equity sponsors in the business has fortified the Company’s capital base. We were pleased to deliver a financing structure that provided the Company and PE firm with the capital and flexibility they were seeking.“


Amerisource Completes $500,000 Credit Facility for Grease & Lubricant Company
October 29, 2018

Business Capital announced the closing and funding of a $500,000 credit facility for a grease and lubricant manufacturer based in Texas. Proceeds of the facility will provide the working capital needed to support the Company’s growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “Amerisource came highly recommend by several of this client’s business partners. We are excited to welcome this team onboard and look forward to partnering with them to achieve their business growth objectives.”


Amerisource Completes $500,000 Credit Facility for Manufacturing Company
October 24, 2018

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a manufacturer of organic skincare products in California. Proceeds of the facility are being used for working capital to support growth.

Justin Carter, Regional Market Manager for Amerisource, stated: “We are pleased to have provided a solution this growing Company. We worked jointly with the Company’s banker to structure this facility, and it’s another great example of a banker truly caring about what his client needed to succeed. We look forward to supporting this client through continued business growth and complimenting the strong relationship they have already formed with their bank.“


Amerisource Completes $1,000,000 Credit Facility for Creative Services Company
September 27, 2018

We are happy to announce the closing and funding of a $1,000,000 credit facility for a creative design agency based in California. Proceeds of the facility were used for growth capital.

Justin Carter, Regional Market Manager for Amerisource, stated: “Amerisource was able to work in partnership with the Company’s existing bank and provide a tranche of capital for growth. The bank maintained all the essential banking services to support the Company’s day-to-day operational needs. As an extension of their trusted banker, we are pleased and excited to welcome this client into the Amerisource family, and we look forward to our partnership.”


Amerisource Completes $1,000,000 Credit Facility for Oil and Gas Company
September 27, 2018

We are happy to announce the closing and funding of a $1,000,000 credit facility for an industrial cleaning company based in Texas. Proceeds of the facility were used for working capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “I was introduced to the Company by its banker, as the oilfield service sector is challenging for many banks right now. Working together, we structured a credit facility that would provide maximum flexibility as the Company continued to grow. We take great pride in our partnerships with local bankers, and this is one of things that allows small business to thrive in the Houston market. We look forward to supporting this client in their continued success.“


Amerisource Completes $2,000,000 Credit Facility for Oilfield Services Company
September 19, 2018

Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for a recently acquired oilfield services and heavy-haul trucking company based in Texas. Proceeds of the facility were used to leverage the new private equity sponsor’s investment, and to provide working capital for growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “With the current growth in the energy industry, the M&A market is hot. This group originally secured a term loan facility, but quickly realized an ABL revolving line was needed to support a sustained growth model. The Company was attracted to our scalable “floating” line, as our clients will not outgrow our lending capabilities. We are excited about this new relationship and look forward to meeting their growth financing needs.”


Amerisource Completes $2,000,000 Credit Facility for Staffing Company
September 18, 2018

Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for an IT staffing company based in Illinois. Proceeds of the facility were used to refinance the Company’s bank line of credit and provide additional working capital to support growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “This client has been in business for many years with stable ownership and management. While the Company’s management considered several financing options, they chose Amerisource as the lender with competitive pricing and the most flexible terms, including a high advance rate. We look forward to our new partnership.”


Justin Carter, Amerisource’s Market Manager, Appointed to RMA Board
August 31, 2018

Amerisource Business Capital announced that Justin Carter, market manager, will serve as Programs Chair for the Risk Management Association (RMA) Los Angeles Chapter.

Justin Carter stated: ““I’m excited to serve as the Programs Chair for RMA Los Angeles. RMA is one of the oldest and most respected professional associations in the financial services industry, and I’m honored to help continue the mission here in Los Angeles. I look forward to the partnerships, new relationships and new challenges this role will bring.”

Founded in 1914, RMA is a not-for-profit, member-driven professional association, whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has approximately 2,500 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the association by 18,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific.


Amerisource Completes $1,000,000 Credit Facility for Transportation Company
August 31, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a heavy haul transportation company based in Texas. Proceeds of the facility were used for growth-related working capital.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this local operation to support their growth and continued success. We got this line underwritten and approved very quickly, and the Company was pleased that we were able to meet their targeted timeline. We look forward to participating in this Company’s continued success.“


Amerisource Completes $1,000,000 Credit Facility for Canadian Oilfield Company
August 29, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an oilfield tools and equipment services company based in Canada. Proceeds of the facility were used to provide working capital for growth.]

Allison Billings, Regional Market Manager for Amerisource, stated: “We are thrilled to welcome this new client to the Amerisource family. Their sister company, a U.S. entity, is also an Amerisource client, and we have enjoyed an excelled relationship with them to date. We look forward to partnering with both of these companies as they continue pursuing their growth strategies.”


Amerisource Completes $1,000,000 Credit Facility for IT Staffing Company
August 7, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an IT staffing company in California. Proceeds of the facility were used to refinance existing bank debt and support continued sales growth.

Danilo Chang, Market Manager for Amerisource, stated: “Following a referral from the Company’s banker, we were able to deliver a flexible credit facility allowing for greater availability to support the Company’s business growth. It’s always exciting for us to partner with a growing company, and we are really pleased to be working with this Company to meet their strategic and growth objectives.”


Amerisource Completes $1,000,000 Credit Facility for Manufacturer and Distribution Company
July 12, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Michigan-based manufacturer and distributor of component parts for heavy equipment. Proceeds of the facility were used to refinance existing bank debt and to provide growth capital.

Andy Allaire, Market Manager for Amerisource, stated: “This client has a very long operating history. The Company recently made investments to accelerate growth, resulting in interim losses. Amerisource was brought in by the Company’s banker as a financing solution during this period of growth. We were thrilled to work with this owner and very seasoned management team, as well as to provide a solution for the bank, and we look forward to our continued partnership.”


Amerisource Spring Summer Success Stories 2018
June 26, 2018

Check out some of our new spring and summer clients!

http://go.pardot.com/l/419852/2018-06-06/8xllw9


Amerisource Completes $1,000,000 Credit Facility for Oilfield Tools Company
June 21, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an oilfield tools and equipment Company in Texas. Proceeds of the facility were used to support business growth.

Allison Billings, Market Manager for Amerisource, stated: “The Company was referred to Amerisource by its CPA. We were able to quickly underwrite and approve a credit facility to ensure the client has access to capital needed for its continued growth. It has been a pleasure working with the Company during the onboarding process. We were pleased to deliver a facility that meets the Company’s needs and look forward to working with them as they pursue their business growth objectives.”


Amerisource Completes $500,000 Credit Facility for Distribution Company
June 21, 2018

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a distributor of parts and components for light and heavy-duty trucks based in Nebraska. Proceeds of the facility were used for general working capital and to support growing sales.

Andy Allaire, Market Manager for Amerisource, stated: “Despite being a relatively new business, the Company’s management team has significant industry experience. Their existing banker referred the Company to Amerisource in an effort to retain the Company’s growing deposit base and ancillary banking needs. Our team worked well with the Company through the approval process, and we are looking forward to our continued partnership.”


Amerisource Completes $1,000,000 Credit Facility for Pipe Cutting Company
June 14, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a pipe cutting and onsite assembly company in Texas. Proceeds of the facility were used to support continued business growth.

Daniel Martinez, Market Manager for Amerisource, stated: “The Company’s banker called us when he realized his bank couldn’t finance the Company’s ongoing growth rate. The bank benefited by gaining new treasury management business and deposit accounts. In addition, we were able to introduce a partner to refinance the Company’s real estate. We’ve enjoyed working with the Company throughout this process, and we look forward to continuing our partnership as they expand.”


Amerisource Completes $2,000,000 Credit Facility for Energy Company
May 15, 2018

Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for a pump manufacturing company in Utah. Proceeds of the facility were used to refinance existing debt and provide capital for future expansion.

Danilo Chang, Market Manager for Amerisource, stated: “We are pleased to welcome this Company to the Amerisource family. The structure sought by the Company was a little outside the box, with a foreign parent company and no guarantors. Our origination team, legal team and account management team worked together to underwrite, approve and deliver this structure. We are looking forward to seeing this Company grow and prosper with access to more capital.”


Amerisource Completes $1,000,000 Credit Facility for Staffing Company
May 15, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a startup staffing company in Oklahoma. Proceeds of the facility were used to support the Company’s working capital needs.

Nic Wagner, Market Manager for Amerisource, stated: “We are excited to partner with this new client. We put this facility in place roughly six months ago while the Company was contracting future work and preparing to launch the business. We look forward to providing the capital this Company needs to grow and succeed.”


Amerisource Completes $1,000,000 Credit Facility for Manufacturer
April 26, 2018

We are pleased to announce the closing and funding of a $1,000,000 credit facility for a grease and lubricant manufacturer in Texas. Proceeds of the facility were used to support working capital and business growth.

Allison Billings, Market Manager for Amerisource, stated: “We are excited to welcome this new client to the Amerisource family. We were able to underwrite the transaction very quickly and deliver the exact structure the company was looking for.”


Amerisource Completes $1,000,000 Credit Facility for Transportation Company
April 26, 2018

We are happy to announce the closing and funding of a $1,000,000 revolving credit facility for a growing transportation company in Colorado. Proceeds of the facility were used to support the Company’s continued growth.

Nic Wagner, Market Manager for Amerisource, stated: “Although this Company was only recently capitalized, the Company’s ownership and executive team have extensive experience and deep roots in the energy industry. As a result, the Company has already seen tremendous business growth, significantly outside what a conventional bank could finance. Since our first meeting, we knew this was a great fit for us, and we are looking forward to partnering with their team in pursuit of their goal to become an industry leader.”