Amerisource announced the closing and funding of a $250,000 new line of credit for an Upstate New York manufacturer of plastic injection molded parts for original equipment manufacturers. Proceeds of the facility were used to refinance their existing bank line and to provide additional working capital to support the Company's growth. The Company's lender referred the company to Amerisource as a more flexible alternative to bank financing.
Founded in 1984 and headquartered in Houston, Texas, Amerisource Funding 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 $15 million. Core products include asset-based lending revolvers, accounts receivable factoring, seasonal bank "over-lines", outsourced A/R, credit and collections management, debtor-in-possession ("DIP") financing, trade finance for importers, and export factoring. Amerisource also provides portfolio management and servicing for banks through its private label program America's Back-Office for Lenders™ and portfolio acquisitions and liquidations.