Amerisource Funding funded two separate $450,000 asset-based revolvers. One was for a Virginia-based staffing firm and the other was for a freight brokerage firm operating out of Texas, Oklahoma and Mississippi.

The staffing firm, newly established in 2016, provides general labor solutions to manufacturing and shipping industries. The start-up firm found that obtaining funding was a challenge. It had industry experience but required the additional cash flow to purchase insurance and meet payroll requirements. Amerisource was able to fund the first insurance payment to get the company covered on new contracts and provide payroll.

The freight brokerage firm, also established in 2016, provided transport solutions to businesses by liaising with external carriers. The firm needed additional funding to support its cash flow requirements. This ensured that it could pay its carrier in the required 21-day time frame, when itscustomers typically paid in 35 to 45 days.