Daily News: January 29, 2013

Amerisource Funding Announces Recent Closings


Amerisource closed and funded $1.6 million in new credit facilities. A $1 million accounts receivable line of credit was closed for a government supplies contractor headquartered in Virginia, with proceeds of the facility used to refinance a higher cost line of credit.

Amerisource also closed and funded a $200,000 credit facility for a concrete restoration company based in North Carolina, a $200,000 credit facility for a pharmaceutical manufacturing start-up in Canada, a $100,000 credit facility for an oilfield services provider in Texas and a $100,000 credit facility for a commercial janitorial service in Georgia, with proceeds of these facilities used for working capital.

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