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Amerisource Closes $500,000 Facility for IT Staffing Agency

Date: Mar 11, 2014 @ 07:04 AM
Filed Under: Staffing Services

Amerisource is pleased to announce the closing and funding of a $500,000 revolving line of credit for an IT staffing firm headquartered in California. Proceeds of the facility were used to finance ongoing working capital needs.

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 million. 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 LendersTM, portfolio acquisitions and liquidations.

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