Daily News: April 28, 2014

Amerisource Closes $2MM Facility for Manufacturer

Amerisource announced it closed and funded a $2 million credit facility for a manufacturer of fire-resistant textiles and plastics based in North Carolina.

Proceeds of the facility were used for ongoing working capital needs. The company’s banker brought in Amerisource as the financing solution.

Founded in 1984 and headquartered in Houston, Texas, Amerisource is an independent commercial finance company. Amerisource provides working capital financing and outsourced receivables management to small and middle market companies with financing needs from $50,000 to $10,000,000.