Daily News: August 30, 2012

Amerisource Funding Closes Two Transactions


Amerisource Funding announced that it closed and funded a $300,000 working capital credit facility for a cell phone accessories manufacturer and wholesaler in New York, with proceeds of the facility used for new working capital.

Amerisource also closed and funded a $75,000 working capital credit facility for a metal fabrication factory based in Illinois, with proceeds of the facility used to refinance a portion of the company’s existing debt and to provide additional 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.