Amerisource Business Capital announced the closing and funding of a $1 million credit facility for an oilfield tools and equipment company in Texas.  Proceeds of the facility were used to support business growth.

“The company was referred to Amerisource by its CPA. We were able to quickly underwrite and approve a credit facility to ensure the client has access to capital needed for its continued growth,” said Allison Billings, Market Manager for Amerisource. “It has been a pleasure working with the company during the onboarding process. We were pleased to deliver a facility that meets the company’s needs and look forward to working with them as they pursue their business growth objectives.”