Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Maryland based data solutions firm. The proceeds were used to provide working capital for the company’s rapid growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this fast-growing company and its respected private equity sponsor.” Bill Herrington, EVP of Amerisource, added, “Based on the strength of the client’s signed contracts and its software and hardware platform, we were able to extend a term facility under our SAAS term loan product. ”

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.