Amerisource Closes $10,000,000 Credit Facility for Instrumentation Firm

Release Date: 05/19/22

Amerisource Closes $10,000,000 Credit Facility for Instrumentation Firm

Amerisource Business Capital announced the closing and funding of a $10,000,000 credit facility for a Texas based design, engineering, and manufacturing firm. The proceeds were used to provide working capital for the company’s expected growth.

Joseph Petri, Regional Market Manager for Amerisource, stated: “For more than four decades, this company has set the standard for engineering and manufacturing of instrumentation.” Bill Herrington, EVP of Amerisource added, “We partnered with a commercial bank to deliver a structure which included leveraging the real estate, equipment and working capital assets of the company. We are looking forward to working with this excellent 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.

Working Capital | Real Estate | Equipment