Amerisource Business Capital funded a $450,000 credit facility for a Texas-based IT services company.
The company, which repairs and refurbishes computer parts, was introduced to Amerisource by a business associate. Proceeds of the facility will be used for working capital.
“The company was experiencing rapid growth and needed additional working capital support,” said Lori Lemuel, market manager for Amerisource. “This is generally a great fit for our line of credit product and we were pleased to close the facility very quickly for them, allowing them to complete year-end vendor payments and tax planning.”
