Amerisource announced the closing and funding of a $500,000 facility for a textiles manufacturing firm headquartered in North Carolina. Proceeds of the facility were used to refinance existing bank debt and provide additional working capital to support continued growth.
The company experienced a sharp increase in business from one of its largest customers and the company's consultant believed Amerisource was the best solution to provide the additional financing needed to enable the sales growth.
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.