Amerisource Business Capital closed and funded a $1 million credit facility for a steel fabrication company based in Texas.
Proceeds from the facility will be used for growth capital.
Daniel Martinez, regional market manager for Amerisource, commented, “We are pleased to provide this Houston-based family and company with this senior credit facility. The company is a former customer of Amerisource and the management team appreciated our prior relationship as well our understanding of their concentration risks in the oil and gas industry. I look forward to our partnership in the years to come as their company continues to grow.”
Amerisource is an independent finance company which has provided over $7 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding).
