Amerisource Funding and Amerisource Business Capital funded deals with several new clients in February, including $1.35 million in three deals ranging from $350,000 to $500,000.
Highlights of the transactions are below:
- $500,000 asset-based revolver for a Texas-based Hydro Excavating firm specializing in a safe alternative to potholing through the utilization of HydroVac trucks. The firm required additional financing in order to expand its fleet from four to 12 vehicles. The dealership selling these trucks referred the company to Amerisource.
- $350,000 asset-based revolver for a Louisiana-based firm that provides inspection services and personnel for pipeline projects. During a period of sales growth, the firm required additional funding in order to fulfill its working capital needs. After its existing bank was unable to provide a solution, the company’s situation was brought to Amerisource’s attention by a referral partner from a specialty finance company with which Amerisource regularly interacts.
- $500,000 asset-based revolver for a North Carolina-based transportation firm. The firm required additional working capital after the purchase of additional trucks. The referral came from a former Amerisource client.