Amerisource Business Capital announced the closing and funding of a $10,000,000 senior credit facility for a Texas-based industrial, environmental, and mechanical services firm.

Allison Billings, Market Manager for Amerisource, stated: “The company was in a factoring relationship and was looking to replace it with a more traditional revolving line of credit structure, to maximize availability in preparation for anticipated growth. We are excited to welcome them to our team.”  Bill Herrington, EVP of Amerisource, added “Our traditional revolving ABL line of credit product allows companies to graduate beyond cumbersome factoring structures but with greater flexibility than traditional banks.  Our solution greatly reduced the administrative burden on the client, while increasing availability.”

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.