Amerisource Business Capital Funds $1MM Credit Facility for Bioscience Firm

Amerisource Business Capital closed and funded a $1 million senior credit facility for a Texas-based bioscience firm, which used the proceeds to support growth and for working capital needs.

“We are pleased to announce our relationship with this rapidly growing biotech company,” Daniel Martinez, regional market manager for Amerisource Business Capital, said. “We delivered an easy underwriting and approval process, eliminating the cumbersome traditional bank financing process, and allowed the company’s management team to instead focus on growing their business.”

“We are pleased to onboard this new client,” Bill Herrington, executive vice president for Amerisource Business Capital, said. “Amerisource worked closely with their management team and structured a flexible solution to support the company’s growth and continued success.”