Amerisource closed and funded a $1 million revolving line of credit for a wholesale fuel and service provider. The company supplies wholesale fuel and supplies equipment and services to highway and civil construction companies in Texas.

With growth in construction in central Texas, the company needed to increase working capital to support its rapid growth. The company’s existing bank was unable to accommodate an increase in its line of credit, so the company’s consultant brought in Amerisource as a more flexible financing option.

Proceeds of Amerisource’s credit facility were used to refinance the company’s existing bank line of credit and provide additional working capital.

“We are very excited to have this client on board,” said Allison Billings, regional market manager at Amerisource. “This is a great example of Amerisource’s ability to move quickly and provide freedom to grow to our clients.”