Amerisource Closes $1,000,000 Facility for Organic Food Distributor

Release date: September 30, 2014

Amerisource Closes $1,000,000 Facility for Organic Food Distributor

Houston, Texas ― Amerisource Funding announced the closing and funding of a $1,000,000 working capital revolver, secured by accounts receivable, for an organic food distributor in New York.

The company is a national distributor of organic snack foods with a strong following from health-conscious parents. Historically, the company has maintained steady revenues and profits, and recently, it received a large order from a well-known national retailer that would immediately double the company’s ongoing revenue.

While the company had a strong relationship with its local community bank, the bank was not able to increase its line of credit to accommodate the company’s continuing growth. Amerisource worked with the company to provide the working capital needed to complete the order and continue its sales growth objectives.

Founded in 1984 and headquartered in Houston, Texas, Amerisource is one of the largest and fastest-growing independent commercial finance companies in the country. Amerisource provides working capital financing and outsourced receivables management to small and middle market companies with financing needs from $50,000 to $10,000,000. Core products include asset-based lending revolvers,accounts receivable factoring, seasonal bank “over-lines”, outsourced A/R, credit and collections management, debtor-in-possession (“DIP”) financing, trade finance for importers, and export factoring. Amerisource also provides portfolio management and servicing for banks through its private label program America’s Back-Office for Lenders (TM) and portfolio acquisitions and liquidations.

Contact:

Marilyn Davis (713) 863 8300 Ext. 243
mdavis@amerisource.us.com