Daily News: January 15, 2013

Amerisource Funds New Client Transactions


Amerisource Funding closed and funded a $750,000 accounts receivable line of credit for a roofing supplies distributor in Florida, with proceeds of the facility used to refinance a higher cost line of credit.

The company also closed and funded a $250,000 credit facility for business consulting firm based in New York and a $100,000 credit facility for a home health care services provider in South Carolina, both of which will be used for working capital.

Separately, Amerisource announced the recent closing and funding of a $250,000 accounts receivable line of credit for a business consulting firm in New York, with proceeds of the facility used for working capital and a $100,000 credit facility for a Texas-based oilfield equipment transportation company, with proceeds of the facility used for working capital.