Daily News: November 7, 2012

Amerisource Funding Closes Three Transactions


Amerisource Funding announced the closing and funding of $750,000 in new client credit facilities.

A $350,000 line of credit was closed for a consulting and project management firm in Texas with proceeds of the facility used to refinance higher cost debt.

Amerisource also closed and funded a $300,000 working capital line of credit for an IT services and products retailer based in Utah, with proceeds of the facility used for general working capital.

Additionally, a $100,000 line of credit was closed for a wholesaler of toys and gifts located in California with proceeds of the facility used for general working capital.

Founded in 1984 and headquartered in Houston, TX, 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.