Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4 million asset-based lending (ABL) facility comprised of an accounts receivable revolver to a dynamic third-party logistics and eCommerce order fulfillment provider.
The company sought an experienced partner with lending expertise in their industry who could provide a flexible working capital solution to help them meet their current sales pipeline and support aggressive growth opportunities.
“AFS remains committed to providing custom financing solutions to a wide range of industries in the marketplace,” said Jason Anish, President & CEO of Austin Financial Services. “By offering flexible working capital solutions, we help our clients capitalize on growth opportunities and achieve long-term success.”
About Austin Financial Services (AFS)
Headquartered in Los Angeles, Austin Financial Services (AFS) is a privately held, nationwide leader in asset-based lending, serving the lower-middle-market sector for over 40 years. Specializing in alternative funding options, AFS provides fast and flexible lines of credit to small and medium-sized businesses that are experiencing growth or undergoing a turnaround. Clients typically have revenues ranging from $10MM to $250MM and have borrowing needs of up to $20MM. AFS’s comprehensive portfolio includes flexible revolving lines of credit secured by accounts receivable and inventory, along with term loans secured by equipment.