Amerisource Completes $6,000,000 Credit Facility for Fuel Distribution and Transportation Company

Release date: March 15, 2018

Amerisource Completes $6,000,000 Credit Facility for Fuel Distribution and Transportation Company
We are pleased to announce the closing and funding of a $6,000,000 credit facility for a fuel distribution and transportation Company in Pennsylvania. The proceeds from this facility were used to support their continued growth.

Andy Allaire, Market Manager for Amerisource, stated:

“The Company has an experienced management team. We were pleased to provide the needed working capital to help the business grow. Equally, we were able to help their bank as the exposure was growing beyond their comfort level. The bank was able to maintain deposits and real estate loans while Amerisource is providing the working capital.”

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 prides itself on outstanding client service and boasts an industry-best client retention rate in excess of 50 months. Amerisource Funding has offices located throughout the United States. www.amerisource.us.com