Daily News: October 3, 2012

Amerisource Funding Closes Three Transactions


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

A $200,000 line of credit was closed for a petroleum and lubricant manufacturer located in Illinois, with proceeds of the facility used for general working capital.

Amerisource also closed and funded a $100,000 working capital line of credit for an electrical engineering firm based in North Carolina, with proceeds of the facility used to refinance existing debt.

And lastly, Amerisource closed and funded a $200,000 working capital line of credit for an apparel manufacturer located in Louisiana. Proceeds of the facility were used to provide working capital for the company’s continued growth.

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.