Amerisource Completes $1,000,000 Credit Facility for Pipe Cutting Company

Release date: June 14, 2018

Amerisource Completes $1,000,000 Credit Facility for Pipe Cutting Company
Houston, TX. June 2018 – Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a pipe cutting and onsite assembly company in Texas. Proceeds of the facility were used to support continued business growth.

Daniel Martinez, Market Manager for Amerisource, stated:

“The Company’s banker called us when he realized his bank couldn’t finance the Company’s ongoing growth rate. The bank benefited by gaining new treasury management business and deposit accounts. In addition, we were able to introduce a partner to refinance the Company’s real estate. We’ve enjoyed working with the Company throughout this process, and we look forward to continuing our partnership as they expand.”

About Amerisource Funding | Amerisource Business Capital
Amerisource is one of the largest independent finance companies in the nation, having provided over $7 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has offices located throughout the United States.