Amerisource Business Capital closed and funded a $1 million credit facility for a nurse staffing and software firm based in Tennessee. The proceeds are being used to support a significant spike in working capital needed to service hospitals that are fighting COVID-19.
“We are excited to welcome this new relationship and proud to assist a business that is helping to fight COVID-19,” Danilo Chang, regional market manager for Amerisource, said.
“This client is on the leading edge of improving the healthcare staffing model through the use of technology and we look forward to supporting their continued growth,” 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).