Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Maryland-based data solutions firm. The proceeds were used to provide working capital for the company’s rapid growth.
Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this fast-growing company and its respected private equity sponsor.” Bill Herrington, EVP of Amerisource, added, “Based on the strength of the client’s signed contracts and its software and hardware platform, we were able to extend a term facility under our SAAS term loan product. ”
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