Amerisource Funds $1,500,000 – Manufacturing Firm

Release date: August 10, 2017

Amerisource Funds $1,500,000 – Manufacturing Firm

Houston, TX – In late July 2017, Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $1,500,000 asset based revolver for a manufacturing firm. Based in the southeast and established 50 years ago.

The firm was seeking a line of credit with their bank to fund their daily operations. However, due to their balance sheet leverage, the bank was unable to support them. Their banker then referred the firm to Amerisource, who were able to provide an ABL facility with advances based on accounts receivable and inventory. One of the most important determining factors in this instance was the flexible terms that Amerisource was able to offer.

Andy Allaire, Amerisource’s Market Manager, stated: “We were able to meet our client’s exact needs and provide them with a flexible way to obtain the working capital that they needed.”