Daily News: November 1, 2012

Amerisource Closes Two Transactions


Amerisource Funding announced that it closed and funded $500,000 in new credit facilities. The deals include:

  • a $300,000 line of credit for a leather hide importer in North Carolina, with proceeds of the facility used to refinance its bank line and to provide additional working capital.

  • a $200,000 working capital line of credit for an IT products retailer based in California, with proceeds of the facility used for general working capital.

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