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May 2011 - Transportation Company receives a $2,000,000 A/R Finance Facility




Transportation
Company
in North Carolina

has completed a

$2,000,000
A/R Finance Facility


with

ASF-small.jpg
 
 
 
 
 
 
 
 

REFERRAL SOURCE
- Company's banker

SITUATION
- Regional transportation company with a strong presence on the East
  Coast; in business since 1985

- Company had the opportunity to expand to the West Coast, 
   increasing the need for additional working capital

- The Company's bank was unable to increase its credit exposure and
   referred the Company to Amerisource

APPROVAL PERIOD
- 1 business day; additional 6 days to fund
RESULT
When this Company's bank was unable to increase its line of credit to allow for a cross-country expansion, the banker knew Amerisource could help.  In just 7 business days, the Company had the working capital it needed to complete and finance the expansion.  Now the Company is coast-to-coast, and business has never been better!