Amerisource Closes $1,000,000 Bridge Loan for Electrical Services and Maintenance Firm

Amerisource Business Capital announced the closing and funding of a $1,000,000 interim bridge loan facility for a Texas-based powerline construction services and maintenance firm.  The proceeds were used to provide working capital to support the company’s rapid growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this company and look forward to supporting its continued growth ahead.”  Bill Herrington, EVP of Amerisource added, “We approved, documented, and funded this loan in 48 hours with our bridge loan product which is designed to immediately address liquidity needs prior to putting a larger and permanent working capital facility in place.”

About Amerisource Business Capital Amerisource is a leading independent direct lender and provider of capital to small and lower middle market businesses seeking senior debt and equity for growth capital, turnaround, or special situations. Founded in 1984, we’ve provided over $2 billion in financing to over 1,600 companies across the US and Canada. Our deep experience and expertise in complex situations allow us to deliver creative structures that maximize liquidity for our clients.