Amerisource Business Capital closed and funded a $1,000,000 interim bridge loan facility for a Texas-based powerline construction services and maintenance firm. The proceeds were used to provide working capital to support the company’s rapid growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this company and look forward to supporting its continued growth ahead.”  Bill Herrington, EVP of Amerisource added, “We approved, documented, and funded this loan in 48 hours with our bridge loan product which is designed to immediately address liquidity needs prior to putting a larger and permanent working capital facility in place.”

Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S.  Our deep experience and expertise in complex situations allow us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States.