Daily News: November 19, 2014

Amerisource Closes Facility for Staffing Agency

Amerisource Funding announced the closing and funding of a $1 million line of credit for a multi-state staffing agency operating throughout the Midwest.

The company provides professional staffing services for the manufacturing, construction, logistics and auto industries. Over the last decade, it saw significant growth in revenue and has expanded its operations from one office in Ohio to multiple branches throughout several states.

The company’s previous lender introduced new financial reporting criteria, which would have led to significantly higher operating costs for the company. Its consultant brought in Amerisource to refinance the previous lender and provide additional working capital to fund the company’s continued growth.