Daily News: October 17, 2012

Amerisource Funding Closes Two Transactions


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

A $300,000 line of credit was closed for a construction firm in Louisiana, with proceeds of the facility used to provide working capital.

Amerisource also closed and funded a $200,000 working capital line of credit for a student transportation service, also based in Louisiana, with proceeds of the facility used for general working capital.

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.