Amerisource Closes $750,000 Credit Facility for a Software Services Company

Release date: 05/23/2016

Amerisource Closes $750,000 Credit Facility for a Software Services Company

Houston, TX, May, 2016 – Amerisource announced the closing and funding of a $750,000 line of credit for a software services company located in California. The Company develops mobile applications for its clients and has been growing rapidly. The Company was referred to Amerisource by its banker when it was unable to obtain a large enough bank line of credit. Proceeds of the new credit facility were used primarily to expand the Company’s staff of programmers.

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