Amerisource Business Capital closed and funded a $10,000,000 senior credit facility for a Texas-based industrial, environmental, and mechanical services firm.

Allison Billings, Market Manager for Amerisource, stated: “The company was in a factoring relationship and was looking to replace it with a more traditional revolving line of credit structure, to maximize availability in preparation for anticipated growth. We are excited to welcome them to our team.”  Bill Herrington, EVP of Amerisource, added “Our traditional revolving ABL line of credit product allows companies to graduate beyond cumbersome factoring structures but with greater flexibility than traditional banks.  Our solution greatly reduced the administrative burden on the client, while increasing availability.”