Amerisource Closes $1MM Bridge Loan for Construction and Maintenance Firm

Amerisource Business Capital closed a $1 million interim bridge loan facility for a Texas-based powerline construction services and maintenance firm. The funds were used to provide working capital to support the company’s rapid growth.

“We are excited to partner with this company and look forward to supporting its continued growth ahead,” Allison Billings, regional market manager for Amerisource, said.

“We approved, documented and funded this loan in 48 hours with our bridge loan product, which is designed to immediately address liquidity needs prior to putting a larger and permanent working capital facility in place,” Bill Herrington, executive vice president of Amerisource, said.