Amerisource Closes $1,000,000 Credit Facility for Bioscience Firm


Release Date: 10/25/21


Amerisource Closes $1,000,000 Credit Facility for Bioscience Firm

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Texas based Bioscience firm. The proceeds were used to support growth and working capital needs.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to announce our relationship with this rapidly growing biotech company. We delivered an easy underwriting and approval process, eliminating the cumbersome traditional bank financing process, and allowed the Company’s management team to instead focus on growing their business.”

“We are pleased to onboard this new client. Amerisource worked closely with management team and structured a flexible solution to support the Company’s growth and continued success.” said Bill Herrington, EVP for Amerisource.

About Amerisource Funding | Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has clients and offices located throughout the United States. https://amerisource.us.com

Working Capital | Real Estate | Equipment