Amerisource Closes $1,000,000 Working Capital Facility and Equity Co-Investment for Software Firm


Release Date: 09/08/23


Amerisource Closes $1,000,000 Working Capital Facility and Equity Co-Investment for Software Firm

Amerisource Business Capital announced the closing and funding of a $1,000,000 working capital facility and Equity Co-Investment for a Texas-based technology platform for moving and transportation services. The proceeds were used to provide working capital to support expected rapid growth.

Allison Billings, Market Manager for Amerisource, stated: “We are excited to partner with this private equity group on another transaction.  We structured a facility to replace a high-cost factoring relationship using our revolving borrowing base structure.”  Bill Herrington, EVP of Amerisource added, “We were pleased to provide both  debt and equity to this growing company and dynamic management team.”

About Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S. Our deep experience and expertise in complex situations allows us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States. https://amerisource.us.com

Working Capital | Real Estate | Equipment