Amerisource Closes $2,000,000 Facility for Utility Contractor

January 9, 2020

Source: Amerisource Business Capital

Amerisource Business Capital announced the closing and funding of a $2,000,000 revolving credit facility for a utility contractor based in the upper Midwest. Proceeds of the facility are being used for growth capital.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client, which was referred to us by their consultant.  Closing was achieved in just over two weeks, which allowed the company to continue its operational timeline without delay and without the need for bridge financing.  We look forward to our continued partnership.”

About Amerisource Business Capital   |   Amerisource Funding

Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million.  Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has clients and offices located throughout the United States.

WEB-0874_ABL-300x250 banner