Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6 million asset-based lending (ABL) facility for an industry leading, full service domestic and international mail service provider. The facility includes an accounts receivable revolver and a term loan secured by equipment.
The private equity-owned company was seeking a lending partner that could provide a more flexible refinancing solution for its existing debt structure, along with an asset-based loan product to support its restructuring and growth initiatives. The opportunity came as a direct referral from the company’s existing bank, which recognized that AFS could deliver the specialized lending solutions the company required.
“It was a pleasure working with such a motivated and diligent ownership group and its operating entity. Their collaboration was instrumental in achieving a smooth closing and meeting the exiting bank’s timeline,” said Jason Anish, President & CEO of Austin Financial Services. “At AFS we pride ourselves on delivering financing solutions that empower owners and management teams to run their businesses effectively and execute their long-term growth strategies. This transaction reflects AFS’s commitment to creating capital structures that align with our clients’ strategic goals.”
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.