Amerisource announced the closing and funding of a $500,000 working capital revolver, secured by accounts receivable, for an oilfield service company based in Texas. Proceeds of the facility were used for growth and working capital.
 
The company provides vacuum truck and containment services, and is a subsidiary of a larger conglomerate serving the oil and gas industry. Amerisource was brought in by the company’s consultant to improve cash flow, billing, credit management and accounts receivable turnover.

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.