Amerisource Closes $1,000,000 Facility for Wholesale Fuel & Service Provider

Release date: 05/31/2016

Amerisource Closes $1,000,000 Facility for Wholesale Fuel & Service Provider

Houston, TX, May, 2016 – Amerisource announced the closing and funding of a $1,000,000 revolving line of credit for a wholesale fuel and service provider.  The Company supplies wholesale fuel and supplies equipment and services to highway and civil construction companies in Texas.

With growth in construction in central Texas, the Company needed to increase working capital to support its rapid growth.  The Company’s existing bank was unable to accommodate an increase in its line of credit, so the Company’s consultant brought in Amerisource as a more flexible financing option.

Proceeds of Amerisource’s credit facility were used to refinance the Company’s existing bank line of credit and provide additional working capital.

“We are very excited to have this client on board,” said Allison Billings, regional market manager at Amerisource.  “This is a great example of Amerisource’s ability to move quickly and provide Freedom to Grow® to our clients.”

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 $15,000,000. 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 financing. Amerisource also provides portfolio management and servicing for banks through its private label program Lender’s Choice™  and portfolio acquisitions and liquidations.

Contact:

Jaylene Cyr (713) 863 8300 Ext. 239
jcyr@amerisource.us.com