Amerisource Business Capital closed and funded a $4 million revolving credit facility for a Texas-based natural gas compression services firm.
“We worked closely with management to provide an asset-based facility that supported working capital needs, as well as the flexibility to acquire additional equipment,” Allison Billings, regional market manager for Amerisource, said. “They were great to work with during the process and we look forward to our partnership.”
“This company is supported by a respected private equity firm and we were pleased to structure a credit facility that met their needs,” Bill Herrington, executive vice president of Amerisource, said.
Founded in 1984, Amerisource is a direct lender to businesses throughout the United States with borrowing needs up to $20 million. The company has provided more than $8 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and A/R financing arm (Amerisource Funding).