Daily News: September 14, 2012

Amerisource Funding Closes Three Transactions


Amerisource Funding announced it closed three transactions totaling $1.7 million.

Amerisource Funding closed and funded a $1.5 million working capital credit facility for a manufacturer of stone and stone products in Illinois, with proceeds of the facility used to refinance the company’s higher cost line of credit as well as to provide additional operating availability under the new line.

Additionally, Amerisource closed and funded a $100,000 working capital credit facility for an automobile accessories installer in North Carolina, with proceeds of the facility used to inject working capital into the business.

Amerisource also closed and funded a $100,000 working capital credit facility for a transportation company in Texas, with proceeds of the facility used to provide working capital for the company’s continued growth.

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