Daily News: October 10, 2012

Amerisource Funding Closes Two Transactions


Amerisource Funding announced that it closed and funded a $1.25 million working capital line of credit for a drilling and blasting services company in Georgia, with proceeds of the facility used to refinance an existing $750,000 bank line and to provide additional working capital.

Amerisource also closed and funded a $100,000 working capital line of credit for a novelty item wholesaler based in Ohio, 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.