Amerisource Closes $1MM Credit Facility for Refinery Services Firm

Amerisource Business Capital closed and funded a $1 million credit facility for a Texas-based firm that provides repair and maintenance services to the petrochemical industry. The proceeds are being used to fund the company’s ongoing working capital needs.

“The firm is a newly established entity, but the owners bring decades of industry experience to this company and are poised for significant growth ahead,” Allison Billings, regional market manager for Amerisource, said.

Amerisource is a direct lender and capital provider to businesses throughout the United States with borrowing needs up to $20 million.