Amerisource Funds $1MM Bridge Loan for Texas-Based Renewable Energy Services Firm

Amerisource Business Capital funded and closed a $1 million bridge loan facility for a Texas-based renewable energy services firm. The proceeds were used to support growth and working capital needs of the company.  

“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,” ” Allison Billings, regional market manager for Amerisource, said, “

“This newly established company is backed by a strong private equity group and seasoned management team,” Bill Herrington, executive vice president of Amerisource, said.