Amerisource Business Capital successfully closed and funded a $13,000,000 senior credit facility for a specialty manufacturer of plugs and tapes based in Wisconsin. The loan proceeds were used for working capital and to refinance equipment and...
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December 12, 2024, 08:03 AM
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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....
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January 05, 2023, 07:50 AM
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Amerisource, one of the largest independent finance companies in the nation, has provided over $8 billion in capital to over 1,600 companies across the U.S. Bill Herrington, EVP for Amerisource, stated: “We closed six transactions in Q2 including a...
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August 05, 2021, 08:00 AM
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Amerisource Business Capital announced the acquisition of two specialty finance business units from MidSouth Bank, based in Lafayette, Louisiana. The two acquisitions included loan portfolios of over 1200 commercial borrowers. In conjunction with...
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October 17, 2019, 09:15 AM
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Amerisource Business Capital announced the closing and funding of a $2,000,000 debtor-in-possession senior revolving credit facility for a paperboard manufacturing company in New York. The proceeds of the facility are being used for working capital...
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April 30, 2018, 07:00 AM
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Bibby Transportation Finance (BTF), a subsidiary of Bibby Financial Services, announces the addition of Ivan Cook as Business Development Officer. Cook rejoins BTF to focus on providing freight factoring and asset-based lending solutions to customers...
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July 13, 2016, 07:44 AM
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Amerisource announced the addition of Elliot Smith to the Amerisource family. Elliot brings both management and sales experience in the factoring / ABL industry. Elliot’s former experience includes being the National Sales Manager for Sallyport...
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June 27, 2016, 08:00 AM
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Amerisource announced the closing and funding of a $850,000 asset-based revolver for a sports equipment designer and distributor in California. The company was introduced to Amerisource by a commercial banker, as the company’s investors would not...
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April 20, 2016, 07:31 AM
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Amerisource announced the addition of George Horvat as business development officer in the Midwest. Based in Cleveland, Ohio, Horvat will be focused on expanding Amerisource’s market presence, managing the Company’s extensive referral network and...
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September 11, 2015, 07:49 AM
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Amerisource is pleased to announce the promotion of Allison Billings to Regional Market Manager of Texas. Billings joined Amerisource in 2007 and has held positions in credit, underwriting and client servicesover the past eight years. Billings will...
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August 26, 2015, 07:36 AM
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Amerisource Business Capital, the asset-based lending division of Amerisource, announced the closing and funding of a $500,000 line of credit for a marine cargo handling company in Texas. Proceeds of the facility were used to refinance a smaller...
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May 28, 2015, 07:18 AM
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