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Amerisource Completes $1.0MM Credit Facility for Pipe Cutting Firm

June 18, 2018, 07:05 AM

Amerisource Business Capital announced the closing and funding of a $1 million credit facility for a pipe cutting and onsite assembly company in Texas. Proceeds of the facility were used to support continued business growth.

“The company’s banker called us when he realized his bank couldn’t finance the company’s ongoing growth rate,” said Daniel Martinez, Market Manager for Amerisource. “The bank benefited by gaining new treasury management business and deposit accounts. In addition, we were able to introduce a partner to refinance the company’s real estate. We’ve enjoyed working with the company throughout this process, and we look forward to continuing our partnership as they expand.”

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