Daily News: November 22, 2017

Amerisource Closes $250K ABL Revolver for CO Drilling Company

Amerisource Business Capital closed and funded a $250,000 asset-based revolver for a Colorado drilling company.

The start-up company, which provides a variety of drilling and hydrovac services, was seeking a larger line of credit to finance its continued rapid growth. The company approached Amerisource following a referral from its consultant.

Nic Wager, market manager for Amerisource, stated, “The client was looking for a quick turnaround to fund their expanding sales. With the consultant’s help, we were able to close and fund in just eight days. We look forward to supporting this business as it continues to grow and thrive.”