Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a Texas-based fabricator of membranes used in water treatment facilities.  The Company, owned by a foreign parent, was seeking an asset based facility to secure working capital.
 
Daniel Martinez, Regional Market Manager for Amerisource, stated: “Working with a newly formed U.S. company which is owned by a foreign parent posed its challenges, especially given the issues around Covid 19. But, with the flexibility Amerisource offers, we were able to secure a partnership with a company which is poised to grow rapidly in the U.S. We provided a creative structure that was chosen over multiple other offers from competitors.”