Daily News: November 28, 2012

Amerisource Funding Closes Three Transactions


Amerisource Funding announced the closing and funding of $600,000 in new client credit facilities.

A $300,000 line of credit was closed for a transportation company in North Carolina, with proceeds of the facility used to refinance an existing bank and provide additional working capital.

Amerisource also closed and funded a $200,000 working capital line of credit for a cell site installation and maintenance firm based in California, with proceeds of the facility used to cover mobilization costs in acquiring a large new customer.

Lastly, a $100,000 line of credit was closed for a construction company located in Pennsylvania, 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.