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.