Daily News: October 8, 2014

Amerisource Closes Facility for Digital Marketing Agency

Amerisource Funding announced the closing and funding of a $500,000 line of credit for a digital marketing agency in Arizona, secured by A/R.

Proceeds of the facility were used to refinance indebtedness from a factoring company and to provide additional working capital for growth.

The company is a national agency that provides digital marketing services to universities to assist with enrollment objectives. In recent years, the company has steadily grown its portfolio of university clients and was looking for a larger credit line to facilitate this growth.

“It was important to our client that they have reliable access to ongoing working capital from a trusted lender,” said Linda Onestinghel, regional marketing manager for Amerisource. “The company sought out Amerisource based on our 30 years in business, our A+ Better Business Bureau rating, and our reputation of providing our clients the freedom to grow.”

Amerisource worked with the company to provide the working capital needed to continue their client expansion and business growth.