Amerisource Closes $1,000,000 Facility for Coal Mining Services Company

Release date: July 16, 2016

Amerisource Closes $1,000,000 Facility for Coal Mining Services Company

Houston, TX – Amerisource Funding announced the closing and funding of a $1,000,000 revolving line of credit for a Pennsylvania based company that provides services to coal mines. Proceeds of the facility are being used to refinance an existing line of credit and equipment loans and provide additional growth capital. The facility was needed when the Company’s current equipment lender sought to reduce its overall exposure to the mining industry. The lender referred the Company to Amerisource as a solution. Amerisource’s ability to react quickly and handle a single debtor concentration resulted in a win-win-win solution for everyone.

Founded in 1984 and headquartered in Houston, Texas, Amerisource is one of the largest and fastest-growing independent commercial finance companies in the country. Amerisource provides working capital financing and outsourced receivables management to small and middle market companies with financing needs from $50,000 to $20,000,000. Core products include asset-based lending revolversaccounts receivable factoring, seasonal bank “over-lines”, outsourced A/R, credit and collections management, debtor-in-possession (“DIP”) financing, trade finance for importers, and export financing. Amerisource also provides portfolio management and servicing for banks through its private label program Lender’s Choice®  and portfolio acquisitions and liquidations.


Jaylene Cyr (713) 863 8300 Ext. 239