Throughout March, Amerisource Funding | Amerisource Business Capital provided $4.55 million in financing to several new clients.

These new clients included a software firm, an energy firm, a manufacturing firm, a transportation firm and two staffing firms. The deals ranged from $250,000 to $3 million.

In early March, Amerisource provided a $3 million asset-based revolver to a software firm based in California. The firm produces a system that streamlines manufacturer and retailer distribution time. Following a period of rapid growth, the firm required additional funding to kick-start future invoices.

In mid-March, Amerisource provided a $1 million asset-based revolver to an Oklahoma-based energy firm. Established more than 40 years ago, the firm supplies energy services to refineries, offshore rig crane maintenance and cell phone expertise. The firm’s previous factoring company was unfamiliar with the energy sector and limited the firm’s exposure by setting a cap on advancing funds against invoices.

“Amerisource was able to directly impact the growth of a middle market company by leveraging its bank relationship and working with third-party lender to provide exactly what our client requested. ASF is pleased to go above and by working with others in order to provide the freedom to grow,” said Daniel Martinez, Amerisource regional market manager.

In mid-March, Amerisource provided a $250,000 asset-based revolver to a Texas-based IT staffing firm. Established in 2007, the firm required additional funding to consolidate its debts with the bank and several merchant cash advance services.

In late March, Amerisource provided a $300,000 asset-based revolver to a commercial bakery based in upstate New York that sells to grocery retail chains. The firm required additional working capital to expand the business after moving to larger premises. The firm was referred to Amerisource after its current bank could not increase its line of credit to support its cash flow needs.