Amerisource Closes $10MM Senior Credit Facility for Industrial Services Firm

Amerisource Business Capital closed and funded a $10 million senior credit facility for a Texas-based industrial, environmental and mechanical services firm.

“The company was in a factoring relationship and was looking to replace it with a more traditional revolving line of credit structure to maximize availability in preparation for anticipated growth,” Allison Billings, market manager for Amerisource, said. “We are excited to welcome them to our team.” 

“Our traditional revolving ABL line of credit product allows companies to graduate beyond cumbersome factoring structures but with greater flexibility than traditional banks,” Bill Herrington, executive vice president of Amerisource, said. “Our solution greatly reduced the administrative burden on the client while increasing availability.”