Recent Deal Highlights: $200,000 Furniture Importer, $2,000,000 Manufacturing Company
Release date: January 26, 2009
Houston, TX – Amerisource is pleased to announce it closed and funded 8 new client relationships in November and December 2008. This brings Amerisource’s 2008 full year total funded new commitments to just over $42 million.
Referral Source: Company’s Banker
Situation
- Furniture importer; family in business since 1984
- Overseas suppliers required payment upon shipment, resulting in a 90-day trade cycle shortfall until customers would pay
- Sales growth coupled with trade cycle was severely straining Company’s cash flow
- Company’s existing bank had large real estate loans to the Company as well, and could not increase line any further
Approval Period: 4 business days, additional 11 to fund
Result: When this fuel distributor’s bank was unable to provide the needed working capital, the Company’s consultant referred them to Amerisource. Now the Company’s operations are really “flowing!”
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Contact:
Jaylene Cyr (713) 863 8300 Ext. 239
jcyr@amerisource.us.com