Amerisource Closes $3MM Credit Facility for Membrane Manufacturer

Amerisource Business Capital closed and funded a $3 million credit facility for a Texas-based fabricator of membranes used in water treatment facilities. The company, owned by a foreign parent, was seeking an asset-based facility to secure working capital.

“Working with a newly formed U.S. company which is owned by a foreign parent posed its challenges, especially given the issues around COVID-19," Daniel Martinez, regional market manager for Amerisource, said. "But, with the flexibility Amerisource offers, we were able to secure a partnership with a company which is poised to grow rapidly in the U.S. We provided a creative structure that was chosen over multiple other offers from competitors.”

Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $20 million.