Daily News: November 15, 2018

Amerisource Closes $1MM Facility for Geological Services Company


Amerisource Business Capital closed and funded a $1 million credit facility for a geological services company in Oklahoma.

Proceeds from the facility will be used for working capital and to support sales growth.

Nic Wagner, regional market manager for Amerisource, stated, “We were pleased to provide this credit facility to allow the client to prepare for significant revenue growth. And our flexible facility structure lacks non-use fees, so our client can manage its expenses if the additional growth is not as robust as predicted. We look forward to partnering with them through this exciting time in their business.”