Amerisource Business Capital Provides $1MM Credit Facility to Data Solutions Firm

Amerisource Business Capital closed and funded a $1 million credit facility for a Maryland-based data solutions firm, which used the proceeds to provide working capital for growth.

“We are excited to partner with this fast-growing company and its respected private equity sponsor,” Allison Billings, regional market manager for Amerisource Business Capital, said.

“Based on the strength of the client’s signed contracts and its software and hardware platform, we were able to extend a term facility under our SAAS term loan product,” Bill Herrington, executive vice president of Amerisource Business Capital, said.