Daily News: June 24, 2014

Amerisource Closes Facility for Drilling Services Provider

Amerisource announced the closing and funding of a $500,000 credit facility for an oilfield drilling and construction services firm based in Minnesota.

Americsource said the proceeds of the facility were used to cover payroll and provide additional working capital to support continued growth through the company’s busy season.

Houston-based Amerisource is an independent commercial finance company that provides working capital financing and outsourced receivables management to small and middle market companies.