Amerisource Closes $500,000 Credit Facility for a Health & Beauty Product Distributor

Release date: July 30, 2016

Amerisource Closes $500,000 Credit Facility for a Health & Beauty Product Distributor

Houston, TX – Amerisource announced the closing and funding of a $500,000 credit facility for a distributor of health and beauty products in New York. The Company sells to both online as well as brick & mortar retailers.

The Company self-funded its startup, but its recent YOY exponential sales growth has strained its working capital. The Company’s consultant recommended Amerisource as a flexible and cost-effective solution for its financing needs. Proceeds of the new facility were used for ongoing working capital needs and to expand the Company’s inventory breadth.

About Amerisource Funding
Amerisource is one of the largest independent finance companies in the nation, having provided over $6 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 prides itself on outstanding client service and boasts an industry-best client retention rate in excess of 48 months. Amerisource Funding has offices located throughout the United States.

To learn more, visit http://www.amerisource.us.com.

Contact:

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