Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Texas based Bioscience firm. The proceeds were used to support growth and working capital needs.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to announce our relationship with this rapidly growing biotech company. We delivered an easy underwriting and approval process, eliminating the cumbersome traditional bank financing process, and allowed the Company’s management team to instead focus on growing their business.”

“We are pleased to onboard this new client. Amerisource worked closely with management team and structured a flexible solution to support the Company’s growth and continued success.” said Bill Herrington, EVP for Amerisource.

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.